Short Interest in Nuveen California Municipal Va (NYSE:NCA) Declines By 40.1%

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NCA. Advisory Services Network LLC bought a new stake in Nuveen California Municipal Va during the 3rd quarter valued at about $33,000. Comerica Bank bought a new stake in shares of Nuveen California Municipal Va during the first quarter valued at approximately $62,000. Summitry LLC bought a new position in Nuveen California Municipal Va in the third quarter worth approximately $111,000. Ieq Capital LLC increased its holdings in Nuveen California Municipal Va by 19.0% during 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 stake in Nuveen California Municipal Va during the 4th quarter valued at $140,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Stock Performance

NYSE:NCA opened at $9.59 on Friday. Nuveen California Municipal Va has a one year low of $8.22 and a one year high of $9.80. The business has a fifty day moving average price of $9.31 and a 200-day moving average price 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. Stockholders of record on Friday, February 13th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.