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

Nuveen California Municipal Va (NYSE:NCA) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 27,203 shares, a growth of 96.9% from the June 15th total of 13,816 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 55,635 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Nuveen California Municipal Va

Institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new stake in Nuveen California Municipal Va in the fourth quarter worth about $559,000. UBS Group AG boosted its stake in Nuveen California Municipal Va by 38.8% in the fourth 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 in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen California Municipal Va by 24.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 370,139 shares of the company’s stock worth $3,313,000 after buying an additional 71,944 shares during the period. Sanctuary Advisors LLC grew its stake in Nuveen California Municipal Va by 83.2% during the fourth quarter. Sanctuary Advisors LLC now owns 22,358 shares of the company’s stock worth $200,000 after purchasing an additional 10,153 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Nuveen California Municipal Va by 6.0% during the fourth 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. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Stock Down 0.1%

Nuveen California Municipal Va stock traded down $0.01 during trading hours on Friday, hitting $9.30. The stock had a trading volume of 28,755 shares, compared to its average volume of 63,611. The stock’s fifty day moving average is $9.33 and its two-hundred day moving average is $9.34. Nuveen California Municipal Va has a 1-year low of $8.40 and a 1-year high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.03 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, July 15th.

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.