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

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 47,188 shares, a decrease of 37.6% from the February 26th total of 75,626 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,154 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen California Municipal Va Trading Up 0.2%

Shares of NCA stock traded up $0.02 on Friday, reaching $9.06. 49,368 shares of the stock were exchanged, compared to its average volume of 69,694. Nuveen California Municipal Va has a one year low of $8.22 and a one year high of $9.80. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $9.11.

Nuveen California Municipal Va Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.03 dividend. This is a boost from Nuveen California Municipal Va’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of large investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Nuveen California Municipal Va in the third quarter valued at $33,000. Comerica Bank acquired a new position in shares of Nuveen California Municipal Va during the 1st quarter worth about $62,000. Summitry LLC bought a new stake in shares of Nuveen California Municipal Va in the 3rd quarter valued at about $111,000. Ieq Capital LLC lifted its stake in Nuveen California Municipal Va by 19.0% in the 4th quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Nuveen California Municipal Va in the 4th quarter valued at about $140,000. 21.46% of the stock is currently owned by institutional investors and hedge funds.

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.