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

Nuveen California Municipal Va (NYSE:NCA) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,816 shares, a drop of 70.6% from the May 31st total of 46,975 shares. Based on an average daily volume of 62,482 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Nuveen California Municipal Va in the 3rd quarter valued at approximately $33,000. Comerica Bank acquired a new stake in Nuveen California Municipal Va during the 1st quarter valued at $62,000. Fifth Third Bancorp purchased a new stake in shares of Nuveen California Municipal Va in the first quarter valued at $67,000. Ieq Capital LLC lifted its holdings in shares of Nuveen California Municipal Va by 19.0% in the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after purchasing an additional 2,390 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Nuveen California Municipal Va in the fourth quarter worth $140,000. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Trading Up 0.4%

NCA traded up $0.04 during trading on Friday, reaching $9.33. The company had a trading volume of 43,988 shares, compared to its average volume of 53,911. The firm’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $9.28. Nuveen California Municipal Va has a 12-month low of $8.40 and a 12-month high of $9.80.

Nuveen California Municipal Va Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th.

About Nuveen California Municipal Va

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.