Nuveen California Municipal Va (NYSE:NCA) Shares Shorted: Short Interest Up 445.4% in October

Nuveen California Municipal Va (NYSE:NCA) saw a significant increase in short interest in 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 trading volume of 164,890 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Nuveen California Municipal Va

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in shares of Nuveen California Municipal Va in the first quarter worth $67,000. Plancorp LLC bought a new stake in shares of Nuveen California Municipal Va during the third quarter valued at about $95,000. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Nuveen California Municipal Va during the second quarter valued at about $122,000. Readystate Asset Management LP bought a new stake in shares of Nuveen California Municipal Va during the second quarter valued at about $169,000. Finally, D.A. Davidson & CO. lifted its holdings in Nuveen California Municipal Va by 18.1% in the first quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock worth $325,000 after purchasing an additional 5,310 shares during the period. 21.46% of the stock is currently owned by institutional investors and hedge funds.

Nuveen California Municipal Va Stock Down 0.2%

Shares of Nuveen California Municipal Va stock traded down $0.02 during trading on Wednesday, hitting $8.42. 29,923 shares of the stock were exchanged, compared to its average volume of 84,509. Nuveen California Municipal Va has a 12 month low of $8.12 and a 12 month high of $9.80. The stock’s fifty day moving average is $8.50 and its 200 day moving average is $9.10.

Nuveen California Municipal Va Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen California Municipal Va Company Profile

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.