Short Interest in Nuveen California Municipal Va (NYSE:NCA) Decreases By 55.3%

Nuveen California Municipal Va (NYSE:NCA) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 46,975 shares, a decline of 55.3% from the May 14th total of 105,082 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 58,366 shares, the short-interest ratio is presently 0.8 days.

Nuveen California Municipal Va Stock Down 0.6%

NYSE:NCA traded down $0.06 during trading hours on Friday, hitting $9.19. 58,198 shares of the company were exchanged, compared to its average volume of 56,004. Nuveen California Municipal Va has a 52-week low of $8.39 and a 52-week high of $9.80. The company’s 50 day moving average price is $9.35 and its 200-day moving average price is $9.26.

Nuveen California Municipal Va Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 of this dividend is Monday, June 15th.

Institutional Trading of Nuveen California Municipal Va

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in Nuveen California Municipal Va during the third quarter worth $33,000. Fifth Third Bancorp purchased a new stake in Nuveen California Municipal Va during the first quarter worth $67,000. Comerica Bank purchased a new stake in Nuveen California Municipal Va during the first quarter worth $62,000. Summitry LLC purchased a new stake in Nuveen California Municipal Va during the third quarter worth $111,000. Finally, Ieq Capital LLC raised its position 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 acquiring an additional 2,390 shares during the period. 21.46% of the stock is owned by hedge funds and other institutional investors.

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.