Nuveen California Municipal Va (NYSE:NCA) Sees Significant Decrease in Short Interest

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a significant 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 sold short. Based on an average daily trading volume, of 58,366 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Nuveen California Municipal Va

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in shares of Nuveen California Municipal Va in the third quarter valued at $33,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen California Municipal Va during the 1st quarter worth about $67,000. Comerica Bank bought a new stake in shares of Nuveen California Municipal Va during the 1st quarter worth about $62,000. Summitry LLC bought a new stake in shares of Nuveen California Municipal Va during the 3rd quarter worth about $111,000. Finally, Ieq Capital LLC grew 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 buying an additional 2,390 shares during the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

NYSE:NCA traded down $0.04 on Monday, hitting $9.15. The company’s stock had a trading volume of 71,872 shares, compared to its average volume of 66,988. Nuveen California Municipal Va has a one year low of $8.40 and a one year high of $9.80. The stock has a fifty day moving average of $9.35 and a two-hundred day moving average of $9.26.

Nuveen California Municipal Va Announces Dividend

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

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.