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

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 41,257 shares, an increase of 104.7% from the August 15th total of 20,151 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 61,571 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Nuveen California Municipal Va

Several hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in shares of Nuveen California Municipal Va in the 1st quarter valued at approximately $67,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Nuveen California Municipal Va during the 2nd quarter worth approximately $122,000. Readystate Asset Management LP acquired a new stake in shares of Nuveen California Municipal Va during the 2nd quarter worth approximately $169,000. D.A. Davidson & CO. increased its stake in Nuveen California Municipal Va by 18.1% in the first quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after acquiring an additional 5,310 shares during the last quarter. Finally, Bank of America Corp DE increased its stake 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 last quarter. 21.46% of the stock is owned by institutional investors.

Nuveen California Municipal Va Stock Performance

Shares of NCA traded down $0.23 during trading hours on Tuesday, hitting $8.58. 143,388 shares of the company were exchanged, compared to its average volume of 64,558. Nuveen California Municipal Va has a fifty-two week low of $8.57 and a fifty-two week high of $9.80. The firm’s fifty day moving average is $9.09 and its 200 day moving average is $9.24.

Nuveen California Municipal Va Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th.

Nuveen California Municipal Va Company Profile

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.