Nuveen California Municipal Va (NYSE:NCA) Short Interest Update

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 61,879 shares, a decrease of 40.1% from the January 29th total of 103,343 shares. Based on an average daily trading volume, of 77,243 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,243 shares, the short-interest ratio is currently 0.8 days.

Nuveen California Municipal Va Stock Up 0.8%

Shares of NYSE:NCA opened at $9.59 on Friday. Nuveen California Municipal Va has a 12 month low of $8.22 and a 12 month high of $9.80. The company has a 50 day moving average of $9.31 and a 200 day moving average of $9.00.

Nuveen California Municipal Va Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.029 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 13th.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of institutional investors have recently made changes to their positions in NCA. Advisory Services Network LLC purchased a new position in shares of Nuveen California Municipal Va in the 3rd quarter worth about $33,000. Comerica Bank purchased a new stake in Nuveen California Municipal Va in the first quarter worth approximately $62,000. Summitry LLC bought a new stake in shares of Nuveen California Municipal Va during the 3rd quarter valued at about $111,000. Ieq Capital LLC lifted its stake 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 purchasing an additional 2,390 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Nuveen California Municipal Va in the 4th quarter worth approximately $140,000. Institutional investors own 21.46% of the company’s stock.

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.