Nuveen California Municipal Va (NYSE:NCA) Short Interest Update

Nuveen California Municipal Va (NYSE:NCA) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 60,242 shares, an increase of 27.7% from the March 15th total of 47,188 shares. Based on an average trading volume of 70,269 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Nuveen California Municipal Va

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new position in shares of Nuveen California Municipal Va during the 4th quarter worth approximately $559,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen California Municipal Va by 24.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 370,139 shares of the company’s stock valued at $3,313,000 after acquiring an additional 71,944 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Nuveen California Municipal Va by 16.0% during the third quarter. Advisors Asset Management Inc. now owns 764,596 shares of the company’s stock valued at $6,805,000 after acquiring an additional 105,670 shares during the last quarter. Ieq Capital LLC increased its position in shares of Nuveen California Municipal Va by 19.0% during the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after acquiring an additional 2,390 shares during the last quarter. Finally, Comerica Bank bought a new stake in Nuveen California Municipal Va during the first quarter worth $62,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Trading Down 0.2%

NYSE NCA opened at $9.35 on Friday. The company has a fifty day moving average price of $9.33 and a 200-day moving average price of $9.17. Nuveen California Municipal Va has a 1 year low of $8.22 and a 1 year high of $9.80.

Nuveen California Municipal Va Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 3.9%.

Nuveen California Municipal Va Company Profile

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.