Short Interest in Nuveen California Municipal Va (NYSE:NCA) Declines By 55.3%

Nuveen California Municipal Va (NYSE:NCA) saw a significant decline in short interest in 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. Based on an average trading volume of 58,366 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Nuveen California Municipal Va

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Nuveen California Municipal Va by 55.3% during the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after buying an additional 58,338 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Nuveen California Municipal Va by 18.1% during the first quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after buying an additional 5,310 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Nuveen California Municipal Va during the first quarter valued at about $67,000. Virtu Financial LLC bought a new position in shares of Nuveen California Municipal Va during the fourth quarter valued at about $140,000. Finally, Osaic Holdings Inc. grew its stake in shares of Nuveen California Municipal Va by 28.3% during the fourth quarter. Osaic Holdings Inc. now owns 49,792 shares of the company’s stock valued at $446,000 after buying an additional 10,976 shares during the last quarter. 21.46% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen California Municipal Va Stock Down 0.6%

NYSE:NCA traded down $0.06 during midday trading on Friday, hitting $9.19. The company had a trading volume of 58,198 shares, compared to its average volume of 56,916. Nuveen California Municipal Va has a 52-week low of $8.39 and a 52-week high of $9.80. The stock’s fifty day moving average price is $9.35 and its 200-day moving average price is $9.26.

Nuveen California Municipal Va Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.03 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a 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.