Nuveen California Municipal Va (NYSE:NCA) Stock Short Interest Declines 96.8%

Nuveen California Municipal Va (NYSE:NCA) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,484 shares, a decline of 96.8% from the September 30th total of 45,946 shares. Based on an average daily volume of 210,695 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Nuveen California Municipal Va Trading Up 0.7%

Nuveen California Municipal Va stock traded up $0.06 during mid-day trading on Tuesday, hitting $8.39. 101,197 shares of the company’s stock were exchanged, compared to its average volume of 81,286. Nuveen California Municipal Va has a 1-year low of $8.12 and a 1-year high of $9.80. The stock has a 50 day moving average of $8.65 and a two-hundred day moving average of $9.15.

Nuveen California Municipal Va Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued 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%.

Institutional Investors Weigh In On Nuveen California Municipal Va

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. bought a new stake in Nuveen California Municipal Va during the third quarter valued at about $524,000. Sweeney & Michel LLC grew its stake in shares of Nuveen California Municipal Va by 2.9% in the 3rd quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock valued at $567,000 after purchasing an additional 1,902 shares during the period. Readystate Asset Management LP bought a new stake in Nuveen California Municipal Va in the second quarter valued at $169,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Nuveen California Municipal Va during the 2nd quarter worth about $122,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen California Municipal Va by 9.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after acquiring an additional 38,762 shares in the last quarter. 21.46% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund (NYSE: NCA) is a closed-end investment company managed by Nuveen, a global asset manager. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax, while also pursuing the potential for capital appreciation.

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

Because it is a closed-end fund, NCA issues a fixed number of exchange-listed shares that trade on the New York Stock Exchange.