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

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 13,816 shares, a decline of 70.6% from the May 31st total of 46,975 shares. Based on an average trading volume of 62,482 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Nuveen California Municipal Va

A number of large investors have recently added to or reduced their stakes in NCA. HighTower Advisors LLC increased its holdings in shares of Nuveen California Municipal Va by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 27,511 shares of the company’s stock valued at $246,000 after buying an additional 1,111 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Nuveen California Municipal Va by 6.0% during the 4th quarter. D.A. Davidson & CO. now owns 29,347 shares of the company’s stock worth $263,000 after acquiring an additional 1,650 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Nuveen California Municipal Va by 5.9% during the 4th quarter. Wedbush Securities Inc. now owns 35,764 shares of the company’s stock worth $320,000 after acquiring an additional 2,000 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Nuveen California Municipal Va by 19.0% in the 4th 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 last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Nuveen California Municipal Va by 2.3% in the 3rd quarter. Raymond James Financial Inc. now owns 141,178 shares of the company’s stock worth $1,256,000 after acquiring an additional 3,132 shares during the last quarter. 21.46% of the stock is currently owned by institutional investors.

Nuveen California Municipal Va Price Performance

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

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 paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend 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.