Nuveen California Municipal Va (NYSE:NCA) Short Interest Up 27.7% in March

Nuveen California Municipal Va (NYSE:NCA) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 60,242 shares, an increase of 27.7% from the March 15th total of 47,188 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 70,269 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in Nuveen California Municipal Va by 38.8% during the fourth quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock worth $16,047,000 after buying an additional 501,505 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Nuveen California Municipal Va by 40.0% in the fourth quarter. Advisors Asset Management Inc. now owns 1,070,770 shares of the company’s stock valued at $9,583,000 after purchasing an additional 306,174 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen California Municipal Va by 24.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 370,139 shares of the company’s stock valued at $3,313,000 after purchasing an additional 71,944 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Nuveen California Municipal Va by 4.4% in the first quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock valued at $1,248,000 after purchasing an additional 6,072 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Nuveen California Municipal Va by 2.3% in the third quarter. Raymond James Financial Inc. now owns 141,178 shares of the company’s stock valued at $1,256,000 after purchasing an additional 3,132 shares during the last quarter. 21.46% of the stock is currently owned by institutional investors and hedge funds.

Nuveen California Municipal Va Stock Performance

Shares of NCA opened at $9.33 on Thursday. Nuveen California Municipal Va has a 1-year low of $8.22 and a 1-year high of $9.80. The company’s fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.16.

Nuveen California Municipal Va Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, April 15th.

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.