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

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large decline in short interest in the month of 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. Currently, 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 currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in Nuveen California Municipal Va in the third quarter valued at $33,000. Comerica Bank acquired a new stake in shares of Nuveen California Municipal Va in the 1st quarter valued at about $62,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen California Municipal Va in the 1st quarter valued at about $67,000. Ieq Capital LLC grew its stake 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 valued at $134,000 after buying an additional 2,390 shares during the period. Finally, Virtu Financial LLC bought a new stake in Nuveen California Municipal Va in the 4th quarter valued at about $140,000. 21.46% of the stock is owned by institutional investors.

Nuveen California Municipal Va Stock Down 0.3%

NYSE NCA opened at $9.30 on Tuesday. The business has a 50 day simple moving average of $9.33 and a 200 day simple moving average of $9.28. Nuveen California Municipal Va has a one year low of $8.40 and a one year high of $9.80.

Nuveen California Municipal Va Announces Dividend

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