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

Nuveen California Municipal Va (NYSE:NCA) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 8,093 shares, an increase of 445.4% from the October 15th total of 1,484 shares. Based on an average daily volume of 164,890 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Nuveen California Municipal Va Stock Down 1.9%

NCA traded down $0.16 on Thursday, hitting $8.34. The company’s stock had a trading volume of 130,681 shares, compared to its average volume of 170,909. Nuveen California Municipal Va has a 12 month low of $8.12 and a 12 month high of $9.80. The company’s 50 day simple moving average is $8.48 and its 200-day simple moving average is $9.09.

Nuveen California Municipal Va Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, November 13th. This represents a $0.36 dividend on an annualized basis and a yield of 4.3%.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of large investors have recently modified their holdings of NCA. Advisors Asset Management Inc. purchased a new stake in shares of Nuveen California Municipal Va during the third quarter valued at approximately $7,479,000. Wedbush Securities Inc. purchased a new position in shares of Nuveen California Municipal Va in the third quarter worth $524,000. Bank of America Corp DE increased 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 worth $1,538,000 after buying an additional 58,338 shares during the period. OneAscent Family Office LLC purchased a new position in shares of Nuveen California Municipal Va in the third quarter worth $492,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Nuveen California Municipal Va by 9.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock valued at $4,311,000 after buying an additional 38,762 shares during the last quarter. 21.46% of the stock is owned by hedge funds and other institutional investors.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund is a closed-end investment company that invests primarily in municipal securities issued by California state and local governments and related public entities. These securities may finance public projects and services such as schools, transportation, utilities, and other infrastructure. The fund seeks to provide current income that is exempt from regular federal income tax and California personal income tax, while also seeking to preserve capital. Its portfolio is managed by Nuveen Fund Advisors, an investment adviser within Nuveen.