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

Nuveen California Municipal Va (NYSE:NCA) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,484 shares, a decrease of 96.8% from the September 30th total of 45,946 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 210,695 shares, the days-to-cover ratio is presently 0.0 days.

Nuveen California Municipal Va Stock Up 0.8%

Shares of NYSE:NCA traded up $0.07 during midday trading on Monday, reaching $8.34. 112,737 shares of the company’s stock were exchanged, compared to its average volume of 200,766. The firm’s 50 day simple moving average is $8.65 and its two-hundred day simple moving average is $9.15. Nuveen California Municipal Va has a fifty-two week low of $8.12 and a fifty-two week high of $9.80.

Nuveen California Municipal Va Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen California Municipal Va

Several large investors have recently made changes to their positions in NCA. Bank of America Corp DE boosted its position 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 purchasing an additional 58,338 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in 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 purchasing an additional 38,762 shares during the period. Sweeney & Michel LLC raised its position in Nuveen California Municipal Va by 2.9% in the third quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock valued at $567,000 after purchasing an additional 1,902 shares during the period. Wedbush Securities Inc. purchased a new stake in Nuveen California Municipal Va in the third quarter valued at approximately $524,000. Finally, Readystate Asset Management LP acquired a new position in Nuveen California Municipal Va during the second quarter worth $169,000. 21.46% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen California Municipal Va

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.

Because it is a closed-end fund, NCA issues a fixed number of exchange-listed shares that trade on the New York Stock Exchange.