Nuveen California Municipal Va (NYSE:NCA) Short Interest Down 70.6% in June

Nuveen California Municipal Va (NYSE:NCA) saw a significant 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 62,482 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen California Municipal Va

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Nuveen California Municipal Va during the third quarter worth about $33,000. Fifth Third Bancorp acquired a new position in shares of Nuveen California Municipal Va during the 1st quarter worth about $67,000. Comerica Bank acquired a new position in Nuveen California Municipal Va during the first quarter worth approximately $62,000. Ieq Capital LLC raised its stake in Nuveen California Municipal Va by 19.0% in the 4th quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after acquiring an additional 2,390 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Nuveen California Municipal Va in the fourth quarter valued at about $140,000. Institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Trading Down 0.3%

Shares of NYSE NCA traded down $0.03 during midday trading on Monday, reaching $9.30. 123,997 shares of the stock were exchanged, compared to its average volume of 53,069. The business has a 50-day simple moving average of $9.33 and a two-hundred day simple moving average of $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 Dividend Announcement

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