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

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

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of hedge funds have recently added to or reduced their stakes in the business. OneAscent Family Office LLC acquired a new stake in shares of Nuveen California Municipal Va during the third quarter worth $492,000. Fifth Third Bancorp lifted its holdings in Nuveen California Municipal Va by 98.5% in the third quarter. Fifth Third Bancorp now owns 14,110 shares of the company’s stock worth $120,000 after acquiring an additional 7,000 shares during the last quarter. Plancorp LLC acquired a new position in Nuveen California Municipal Va in the third quarter valued at approximately $95,000. Gerber Kawasaki Wealth & Investment Management boosted its stake in Nuveen California Municipal Va by 6.1% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 70,022 shares of the company’s stock valued at $594,000 after acquiring an additional 4,000 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of Nuveen California Municipal Va during the third quarter valued at approximately $524,000. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

Shares of NCA traded down $0.02 during mid-day trading on Wednesday, hitting $8.42. The stock had a trading volume of 29,923 shares, compared to its average volume of 84,509. Nuveen California Municipal Va has a fifty-two week low of $8.12 and a fifty-two week high of $9.80. The company’s fifty day simple moving average is $8.50 and its two-hundred day simple moving average is $9.10.

Nuveen California Municipal Va Dividend Announcement

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

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.