Nuveen California Municipal Va (NYSE:NCA) Sees Significant Decline in Short Interest

Nuveen California Municipal Va (NYSE:NCA) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 26,241 shares, a drop of 36.4% from the August 31st total of 41,257 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 81,681 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen California Municipal Va Trading Up 0.8%

Shares of Nuveen California Municipal Va stock traded up $0.07 during trading on Friday, reaching $8.46. The company’s stock had a trading volume of 28,227 shares, compared to its average volume of 70,818. Nuveen California Municipal Va has a one year low of $8.22 and a one year high of $9.80. The business’s fifty day moving average price is $8.90 and its 200-day moving average price is $9.17.

Nuveen California Municipal Va Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Nuveen California Municipal Va by 55.3% in the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after acquiring an additional 58,338 shares during the period. Readystate Asset Management LP bought a new stake in shares of Nuveen California Municipal Va during the second quarter valued at approximately $169,000. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Nuveen California Municipal Va during the second quarter valued at approximately $122,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen California Municipal Va by 9.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock valued at $4,311,000 after purchasing an additional 38,762 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen California Municipal Va in the first quarter valued at approximately $67,000. Institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund, Inc (NYSE:NCA) is a closed-end investment company managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax and California state personal income tax, making it primarily designed for investors seeking tax-advantaged income.

The fund invests mainly in municipal bonds and other municipal obligations issued by California state and local governments, as well as related public entities. These securities may help finance projects and services such as schools, transportation systems, utilities, health care facilities and other public infrastructure.