Nuveen California Municipal Va (NYSE:NCA) Sees Large Increase in Short Interest

Nuveen California Municipal Va (NYSE:NCA) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 45,946 shares, an increase of 75.1% from the September 15th total of 26,241 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 145,396 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Nuveen California Municipal Va

Institutional investors and hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen California Municipal Va by 9.2% during the 2nd 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. Bank of America Corp DE grew its stake in shares of Nuveen California Municipal Va by 55.3% in the 1st quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after purchasing an additional 58,338 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Nuveen California Municipal Va by 18.1% in the 1st quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock worth $325,000 after purchasing an additional 5,310 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of Nuveen California Municipal Va in the 2nd quarter worth approximately $169,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Nuveen California Municipal Va in the 2nd quarter worth approximately $122,000. 21.46% of the stock is owned by institutional investors and hedge funds.

Nuveen California Municipal Va Trading Up 1.0%

NCA stock traded up $0.09 during trading hours on Thursday, hitting $8.24. 78,450 shares of the stock traded hands, compared to its average volume of 76,059. The stock has a 50-day simple moving average of $8.76 and a 200 day simple moving average of $9.11. Nuveen California Municipal Va has a one year low of $8.12 and a one year high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.03 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.36 annualized dividend and a yield of 4.4%.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund is a closed-end investment fund managed by Nuveen, an investment management firm specializing in income-oriented and alternative investments. The fund’s primary objective is to provide current income that is exempt from regular federal income tax and California state personal income tax.

The fund invests primarily in municipal obligations issued by the state of California, its local governments, public agencies and other qualifying entities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, utilities, education, health care and housing.