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

Nuveen California Municipal Va (NYSE:NCA) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 45,946 shares, an increase of 75.1% from the September 15th total of 26,241 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 145,396 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Nuveen California Municipal Va

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sweeney & Michel LLC raised its stake in Nuveen California Municipal Va by 2.9% in the third quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock worth $567,000 after buying an additional 1,902 shares in the last quarter. D.A. Davidson & CO. boosted its position in Nuveen California Municipal Va by 18.1% during the 1st quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after acquiring an additional 5,310 shares in the last quarter. Fifth Third Bancorp bought a new stake in Nuveen California Municipal Va during the 1st quarter valued at approximately $67,000. Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Nuveen California Municipal Va during the 2nd quarter worth approximately $122,000. Finally, Readystate Asset Management LP purchased a new position in shares of Nuveen California Municipal Va during the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Stock Up 0.4%

Nuveen California Municipal Va stock traded up $0.03 during mid-day trading on Friday, reaching $8.37. 113,447 shares of the company traded hands, compared to its average volume of 190,132. The firm’s 50 day moving average price is $8.74 and its 200 day moving average price is $9.10. Nuveen California Municipal Va has a 52-week low of $8.12 and a 52-week high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.3%.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund is a closed-end investment fund managed by Nuveen, an investment management firm specializing in income-oriented and alternative investments. The fund’s primary objective is to provide current income that is exempt from regular federal income tax and California state personal income tax.

The fund invests primarily in municipal obligations issued by the state of California, its local governments, public agencies and other qualifying entities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, utilities, education, health care and housing.