Short Interest in Nuveen California Municipal Va (NYSE:NCA) Grows By 104.7%

Nuveen California Municipal Va (NYSE:NCA) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 41,257 shares, an increase of 104.7% from the August 15th total of 20,151 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 61,571 shares, the short-interest ratio is presently 0.7 days.

Nuveen California Municipal Va Trading Up 0.5%

NYSE NCA traded up $0.04 during trading hours on Wednesday, hitting $8.62. The company’s stock had a trading volume of 22,257 shares, compared to its average volume of 65,250. Nuveen California Municipal Va has a twelve month low of $8.57 and a twelve month high of $9.80. The stock has a fifty day moving average of $9.09 and a 200 day moving average of $9.24.

Nuveen California Municipal Va Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Nuveen California Municipal Va by 18.1% during the first quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock worth $325,000 after buying an additional 5,310 shares during the period. Fifth Third Bancorp acquired a new stake in Nuveen California Municipal Va in the 1st quarter valued at approximately $67,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in Nuveen California Municipal Va in the 2nd quarter valued at approximately $122,000. Readystate Asset Management LP bought a new stake in Nuveen California Municipal Va in the 2nd quarter valued at approximately $169,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen California Municipal Va by 9.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock valued at $4,311,000 after acquiring an additional 38,762 shares in the last quarter. 21.46% of the stock is currently owned by institutional investors.

Nuveen California Municipal Va Company Profile

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.