Nuveen California Municipal Va (NYSE:NCA) Short Interest Down 53.9% in December

Nuveen California Municipal Va (NYSE:NCA) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 28,037 shares, a decline of 53.9% from the November 30th total of 60,766 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 120,126 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 120,126 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Nuveen California Municipal Va in the third quarter worth $33,000. Comerica Bank bought a new stake in Nuveen California Municipal Va during the first quarter worth about $62,000. PFG Investments LLC purchased a new position in shares of Nuveen California Municipal Va in the second quarter worth $87,000. Summitry LLC purchased a new stake in shares of Nuveen California Municipal Va during the 3rd quarter valued at about $111,000. Finally, First Manhattan CO. LLC. purchased a new stake in Nuveen California Municipal Va in the 1st quarter worth approximately $118,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Stock Down 0.3%

Shares of NCA traded down $0.03 during mid-day trading on Friday, hitting $8.80. 77,256 shares of the company’s stock were exchanged, compared to its average volume of 112,860. The stock’s 50-day simple moving average is $8.98 and its 200-day simple moving average is $8.74. Nuveen California Municipal Va has a 52 week low of $8.22 and a 52 week high of $9.30.

Nuveen California Municipal Va Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.029 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, December 15th.

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.