Nuveen California Municipal Va (NYSE:NCA) Short Interest Up 96.9% in June

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

Nuveen California Municipal Va Trading Down 0.1%

NYSE:NCA opened at $9.35 on Thursday. The company has a fifty day moving average of $9.34 and a 200 day moving average of $9.33. Nuveen California Municipal Va has a 52 week low of $8.40 and a 52 week high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Trading of Nuveen California Municipal Va

A number of institutional investors have recently modified their holdings of NCA. Advisory Services Network LLC purchased a new position in Nuveen California Municipal Va during the 3rd quarter valued at about $33,000. Comerica Bank purchased a new stake in Nuveen California Municipal Va in the 1st quarter worth approximately $62,000. Fifth Third Bancorp bought a new stake in shares of Nuveen California Municipal Va in the 1st quarter worth approximately $67,000. Ieq Capital LLC grew its position 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 buying an additional 2,390 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Nuveen California Municipal Va during the fourth quarter valued at approximately $140,000. 21.46% of the stock is currently owned by hedge funds and other institutional investors.

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.