Nuveen California Municipal Va (NYSE:NCA - Get Free Report) was the recipient of a significant increase in short interest in the month of 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. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 70,269 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of Nuveen California Municipal Va by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 27,511 shares of the company's stock worth $246,000 after purchasing an additional 1,111 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of 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 worth $263,000 after purchasing an additional 1,650 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Nuveen California Municipal Va by 5.9% in the fourth quarter. Wedbush Securities Inc. now owns 35,764 shares of the company's stock worth $320,000 after purchasing an additional 2,000 shares in the last quarter. Ieq Capital LLC increased its holdings in Nuveen California Municipal Va by 19.0% during the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company's stock worth $134,000 after buying an additional 2,390 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Nuveen California Municipal Va by 2.3% during the third quarter. Raymond James Financial Inc. now owns 141,178 shares of the company's stock worth $1,256,000 after buying an additional 3,132 shares during the last quarter. Institutional investors and hedge funds own 21.46% of the company's stock.
Nuveen California Municipal Va Stock Performance
Shares of NYSE NCA opened at $9.33 on Thursday. The firm has a 50 day moving average price of $9.34 and a 200 day moving average price of $9.16. Nuveen California Municipal Va has a 52-week low of $8.22 and a 52-week high of $9.80.
Nuveen California Municipal Va Dividend Announcement
The company also recently disclosed 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) dividend on an annualized basis and a yield of 3.9%.
Nuveen California Municipal Va Company Profile
(
Get Free Report)
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.
Further Reading
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