Short Interest in Nuveen California Municipal Va (NYSE:NCA) Rises By 22.2%

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 75,626 shares, an increase of 22.2% from the February 12th total of 61,879 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 70,299 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 70,299 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Nuveen California Municipal Va

A number of hedge funds have recently modified their holdings of NCA. Advisory Services Network LLC bought a new position in shares of Nuveen California Municipal Va during the 3rd quarter worth about $33,000. Comerica Bank acquired a new position in Nuveen California Municipal Va in the first quarter worth about $62,000. Summitry LLC bought a new position in Nuveen California Municipal Va during the third quarter worth about $111,000. Ieq Capital LLC lifted its stake in Nuveen California Municipal Va by 19.0% during the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $134,000 after purchasing an additional 2,390 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Nuveen California Municipal Va during the fourth quarter valued at approximately $140,000. Institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

Nuveen California Municipal Va stock traded up $0.16 during mid-day trading on Monday, reaching $9.43. The company had a trading volume of 58,600 shares, compared to its average volume of 66,711. The company has a 50 day moving average of $9.42 and a 200-day moving average of $9.08. Nuveen California Municipal Va has a 52 week low of $8.22 and a 52 week high of $9.80.

Nuveen California Municipal Va Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.03 dividend. This is a positive change from Nuveen California Municipal Va’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 3.8%.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.