Nuveen California Municipal Va (NYSE:NCA) Sees Large Increase in Short Interest

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 72,889 shares, a growth of 130.9% from the December 31st total of 31,564 shares. Based on an average trading volume of 92,325 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 92,325 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Nuveen California Municipal Va

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlas Private Wealth Advisors boosted its stake in shares of Nuveen California Municipal Va by 208.5% in the 2nd quarter. Atlas Private Wealth Advisors now owns 100,988 shares of the company’s stock valued at $877,000 after purchasing an additional 68,256 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Nuveen California Municipal Va by 3.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 658,926 shares of the company’s stock worth $5,719,000 after purchasing an additional 20,803 shares in the last quarter. D.A. Davidson & CO. boosted its position in Nuveen California Municipal Va by 40.0% in the second quarter. D.A. Davidson & CO. now owns 26,966 shares of the company’s stock valued at $234,000 after buying an additional 7,710 shares in the last quarter. Mutual Advisors LLC boosted its position in Nuveen California Municipal Va by 40.6% in the second quarter. Mutual Advisors LLC now owns 39,150 shares of the company’s stock valued at $330,000 after buying an additional 11,300 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Nuveen California Municipal Va by 10.4% during the second quarter. Guggenheim Capital LLC now owns 711,069 shares of the company’s stock worth $6,172,000 after buying an additional 67,225 shares during the last quarter. Institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

Shares of NYSE:NCA traded up $0.12 during midday trading on Friday, reaching $9.65. 66,183 shares of the company’s stock were exchanged, compared to its average volume of 76,674. The company’s 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $8.87. Nuveen California Municipal Va has a 12 month low of $8.22 and a 12 month high of $9.68.

Nuveen California Municipal Va Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a $0.029 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, January 15th.

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.