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

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

Nuveen California Municipal Va Stock Performance

NCA stock opened at $9.49 on Wednesday. Nuveen California Municipal Va has a one year low of $8.22 and a one year high of $9.80. The company has a fifty day moving average of $9.42 and a 200-day moving average of $9.08.

Nuveen California Municipal Va Increases Dividend

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

Institutional Investors Weigh In On Nuveen California Municipal Va

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in shares of Nuveen California Municipal Va by 4.2% in the 4th quarter. HighTower Advisors LLC now owns 27,511 shares of the company’s stock valued at $246,000 after buying an additional 1,111 shares during the period. Steward Partners Investment Advisory LLC raised its position in Nuveen California Municipal Va by 8.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock worth $141,000 after acquiring an additional 1,200 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Nuveen California Municipal Va by 6.0% in the fourth quarter. D.A. Davidson & CO. now owns 29,347 shares of the company’s stock valued at $263,000 after acquiring an additional 1,650 shares during the period. Wedbush Securities Inc. lifted its holdings in Nuveen California Municipal Va by 5.9% in the fourth quarter. Wedbush Securities Inc. now owns 35,764 shares of the company’s stock valued at $320,000 after acquiring an additional 2,000 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Nuveen California Municipal Va by 19.0% during the 4th quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $134,000 after purchasing an additional 2,390 shares in the last quarter. Hedge funds and other institutional investors own 21.46% of the company’s stock.

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.