Nuveen California Municipal Va (NYSE:NCA) Short Interest Update

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 47,188 shares, a drop of 37.6% from the February 26th total of 75,626 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 70,154 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen California Municipal Va Price Performance

NYSE:NCA traded up $0.02 during midday trading on Friday, hitting $9.06. The company’s stock had a trading volume of 49,368 shares, compared to its average volume of 67,775. Nuveen California Municipal Va has a fifty-two week low of $8.22 and a fifty-two week high of $9.80. The firm’s 50 day moving average is $9.39 and its 200-day moving average is $9.11.

Nuveen California Municipal Va Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.03 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 4.0%. This is a boost from Nuveen California Municipal Va’s previous monthly dividend of $0.03.

Institutional Trading of Nuveen California Municipal Va

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in Nuveen California Municipal Va in the 1st quarter valued at $62,000. Royal Bank of Canada lifted its holdings in Nuveen California Municipal Va by 4.4% during the first quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock valued at $1,248,000 after purchasing an additional 6,072 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Nuveen California Municipal Va by 8.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock valued at $141,000 after purchasing an additional 1,200 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Nuveen California Municipal Va by 3.3% during the second quarter. Advisors Asset Management Inc. now owns 658,926 shares of the company’s stock worth $5,719,000 after purchasing an additional 20,803 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Nuveen California Municipal Va by 10.4% during the second quarter. Guggenheim Capital LLC now owns 711,069 shares of the company’s stock worth $6,172,000 after purchasing an additional 67,225 shares in the last quarter. Institutional investors and hedge funds 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 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.