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

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

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of institutional investors have recently modified their holdings of the business. Fifth Third Bancorp purchased a new stake in Nuveen California Municipal Va in the 1st quarter valued at $67,000. Investor s Fiduciary Advisor Network LLC purchased a new position in Nuveen California Municipal Va during the 2nd quarter worth $122,000. Readystate Asset Management LP acquired a new position in Nuveen California Municipal Va in the second quarter valued at $169,000. D.A. Davidson & CO. raised its holdings in shares of 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 buying an additional 5,310 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of 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 buying an additional 58,338 shares during the last quarter. 21.46% of the stock is owned by institutional investors and hedge funds.

Nuveen California Municipal Va Stock Performance

NYSE:NCA opened at $8.48 on Thursday. Nuveen California Municipal Va has a 52-week low of $8.22 and a 52-week high of $9.80. The stock’s 50 day moving average price is $8.91 and its 200 day moving average price is $9.17.

Nuveen California Municipal Va Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.