Nuveen California Municipal Va (NYSE:NCA) Stock Short Interest Report for September

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large increase in short interest in the month of 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. Based on an average trading volume of 145,396 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Nuveen California Municipal Va Trading Up 0.4%

NCA stock traded up $0.03 during trading on Friday, reaching $8.37. 113,447 shares of the company’s stock were exchanged, compared to its average volume of 78,182. Nuveen California Municipal Va has a 1-year low of $8.12 and a 1-year high of $9.80. The company’s fifty day moving average price is $8.75 and its 200-day moving average price is $9.10.

Nuveen California Municipal Va Dividend Announcement

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

Hedge Funds Weigh In On Nuveen California Municipal Va

Several large investors have recently bought and sold shares of NCA. Bank of America Corp DE boosted its holdings in shares of Nuveen California Municipal Va by 55.3% in the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after acquiring an additional 58,338 shares in the last quarter. Sweeney & Michel LLC raised its holdings in Nuveen California Municipal Va by 2.9% during the third quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock worth $567,000 after purchasing an additional 1,902 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Nuveen California Municipal Va in the second quarter worth approximately $169,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in Nuveen California Municipal Va in the second quarter worth approximately $122,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Nuveen California Municipal Va by 9.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after purchasing an additional 38,762 shares during the period. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Company Profile

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.