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

Nuveen California Municipal Va (NYSE:NCA) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 103,343 shares, a growth of 41.8% from the January 15th total of 72,889 shares. Based on an average daily volume of 67,641 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 67,641 shares, the days-to-cover ratio is currently 1.5 days.

Nuveen California Municipal Va Price Performance

Shares of NYSE NCA traded down $0.13 during trading on Monday, hitting $9.30. The company had a trading volume of 97,766 shares, compared to its average volume of 70,143. Nuveen California Municipal Va has a 52 week low of $8.22 and a 52 week high of $9.80. The business’s 50-day moving average is $9.20 and its 200 day moving average is $8.95.

Nuveen California Municipal Va Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.029 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Nuveen California Municipal Va during the 3rd quarter valued at $33,000. Comerica Bank purchased a new stake in shares of Nuveen California Municipal Va during the first quarter worth $62,000. Summitry LLC acquired a new stake in Nuveen California Municipal Va during the third quarter valued at $111,000. Ieq Capital LLC grew its stake in Nuveen California Municipal Va by 19.0% in the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after purchasing an additional 2,390 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Nuveen California Municipal Va by 8.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock worth $141,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.