Nuveen California Municipal Va (NYSE:NCA) Short Interest Down 50.4% in July

Nuveen California Municipal Va (NYSE:NCA) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 14,280 shares, a decrease of 50.4% from the July 15th total of 28,783 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 82,634 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Nuveen California Municipal Va

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG raised its holdings in Nuveen California Municipal Va by 38.8% in the 4th quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock valued at $16,047,000 after buying an additional 501,505 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Nuveen California Municipal Va by 83.2% during the 4th quarter. Sanctuary Advisors LLC now owns 22,358 shares of the company’s stock worth $200,000 after acquiring an additional 10,153 shares during the last quarter. D.A. Davidson & CO. increased its position in Nuveen California Municipal Va by 6.0% in the 4th 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. Hennion & Walsh Asset Management Inc. increased its position in Nuveen California Municipal Va by 9.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock valued at $4,311,000 after acquiring an additional 38,762 shares during the period. Finally, Bank of America Corp DE increased its position in Nuveen California Municipal Va by 55.3% in the 1st quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after acquiring an additional 58,338 shares during the period. 21.46% of the stock is currently owned by institutional investors.

Nuveen California Municipal Va Stock Performance

Shares of NYSE NCA traded down $0.01 during midday trading on Monday, reaching $9.15. 59,549 shares of the company were exchanged, compared to its average volume of 64,713. The stock’s 50-day moving average price is $9.21 and its 200-day moving average price is $9.32. Nuveen California Municipal Va has a one year low of $8.40 and a one year high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis 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.