Short Interest in Nuveen California Municipal Va (NYSE:NCA) Expands By 104.7%

Nuveen California Municipal Va (NYSE:NCA) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 41,257 shares, a growth of 104.7% from the August 15th total of 20,151 shares. Based on an average daily volume of 61,571 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Nuveen California Municipal Va Stock Performance

NYSE:NCA traded down $0.05 during mid-day trading on Monday, hitting $8.83. 100,559 shares of the stock were exchanged, compared to its average volume of 65,061. The firm’s 50-day simple moving average is $9.12 and its 200 day simple moving average is $9.25. Nuveen California Municipal Va has a fifty-two week low of $8.59 and a fifty-two week high of $9.80.

Nuveen California Municipal Va Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of institutional investors have recently modified their holdings of NCA. Fifth Third Bancorp acquired a new stake in Nuveen California Municipal Va in the 1st quarter worth about $67,000. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Nuveen California Municipal Va during the 2nd quarter worth approximately $122,000. Readystate Asset Management LP bought a new position in shares of Nuveen California Municipal Va during the second quarter worth approximately $169,000. D.A. Davidson & CO. raised its position in shares of Nuveen California Municipal Va by 18.1% in the first quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after buying an additional 5,310 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake 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 buying an additional 58,338 shares during the period. Institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund, Inc (NYSE:NCA) is a closed-end investment company managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax and California state personal income tax, making it primarily designed for investors seeking tax-advantaged income.

The fund invests mainly in municipal bonds and other municipal obligations issued by California state and local governments, as well as related public entities. These securities may help finance projects and services such as schools, transportation systems, utilities, health care facilities and other public infrastructure.