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

Nuveen California Municipal Va (NYSE:NCA) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 27,203 shares, a growth of 96.9% from the June 15th total of 13,816 shares. Based on an average daily trading volume, of 55,635 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Nuveen California Municipal Va Stock Down 0.1%

NYSE NCA opened at $9.30 on Friday. The company has a fifty day moving average of $9.33 and a two-hundred day moving average of $9.34. Nuveen California Municipal Va has a 52 week low of $8.40 and a 52 week high of $9.80.

Nuveen California Municipal Va Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Hedge Funds Weigh In On Nuveen California Municipal Va

Hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Nuveen California Municipal Va by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 27,511 shares of the company’s stock worth $246,000 after purchasing an additional 1,111 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Nuveen California Municipal Va by 6.0% during the 4th quarter. D.A. Davidson & CO. now owns 29,347 shares of the company’s stock worth $263,000 after purchasing an additional 1,650 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Nuveen California Municipal Va by 5.9% in the 4th quarter. Wedbush Securities Inc. now owns 35,764 shares of the company’s stock worth $320,000 after buying an additional 2,000 shares during the period. Ieq Capital LLC lifted its holdings in shares of Nuveen California Municipal Va by 19.0% in the 4th quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $134,000 after buying an additional 2,390 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Nuveen California Municipal Va by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 141,178 shares of the company’s stock worth $1,256,000 after buying an additional 3,132 shares in the last quarter. 21.46% of the stock is currently owned by institutional investors.

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.