Nuveen California Municipal Va (NYSE:NCA) Shares Shorted: Short Interest Down 36.4% in September

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 26,241 shares, a drop of 36.4% from the August 31st total of 41,257 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 81,681 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen California Municipal Va Price Performance

Shares of NCA opened at $8.41 on Friday. The firm has a 50-day moving average of $8.89 and a 200-day moving average of $9.16. Nuveen California Municipal Va has a one year low of $8.22 and a one year high of $9.80.

Nuveen California Municipal Va Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, October 15th. 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 institutional investors have recently bought and sold shares of NCA. Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 valued at $4,311,000 after buying an additional 38,762 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Nuveen California Municipal Va by 55.3% during the 1st quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after acquiring an additional 58,338 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Nuveen California Municipal Va by 18.1% during the 1st quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock worth $325,000 after acquiring an additional 5,310 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of Nuveen California Municipal Va during the 2nd quarter worth approximately $169,000. Finally, 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. Institutional investors and hedge funds 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.