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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in Nuveen California Municipal Va during the 3rd quarter worth $33,000. Comerica Bank acquired a new stake in shares of Nuveen California Municipal Va during the first quarter worth about $62,000. PFG Investments LLC acquired a new position in shares of Nuveen California Municipal Va in the 2nd quarter valued at $87,000. Summitry LLC acquired a new stake in Nuveen California Municipal Va in the third quarter valued at about $111,000. Finally, First Manhattan CO. LLC. acquired a new position in Nuveen California Municipal Va during 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 trading hours on Friday, hitting $8.80. 77,256 shares of the stock were exchanged, compared to its average volume of 112,860. The stock’s 50-day moving average price is $8.98 and its two-hundred day moving average price is $8.74. Nuveen California Municipal Va has a 12-month low of $8.22 and a 12-month high of $9.30.

Nuveen California Municipal Va Dividend Announcement

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

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.