Short Interest in Nuveen California Municipal Va (NYSE:NCA) Drops By 26.8%

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 39,000 shares, a decrease of 26.8% from the September 30th total of 53,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 73,700 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 73,700 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of large investors have recently bought and sold shares of the company. Wedbush Securities Inc. raised its position in Nuveen California Municipal Va by 4.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,964 shares of the company’s stock worth $233,000 after buying an additional 1,200 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Nuveen California Municipal Va by 8.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock worth $141,000 after buying an additional 1,200 shares during the last quarter. Cetera Investment Advisers raised its position in Nuveen California Municipal Va by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 38,530 shares of the company’s stock worth $333,000 after buying an additional 1,964 shares during the last quarter. Olde Wealth Management LLC purchased a new position in Nuveen California Municipal Va during the 1st quarter worth $26,000. Finally, HighTower Advisors LLC raised its position in Nuveen California Municipal Va by 20.0% during the 1st quarter. HighTower Advisors LLC now owns 24,000 shares of the company’s stock worth $208,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

NYSE:NCA remained flat at $9.07 during trading hours on Monday. 75,630 shares of the company were exchanged, compared to its average volume of 78,981. The firm’s fifty day moving average is $8.78 and its 200-day moving average is $8.59. Nuveen California Municipal Va has a 12-month low of $8.22 and a 12-month high of $9.11.

Nuveen California Municipal Va Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.029 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests primarily in municipal securities rated Baa/BBB or better.