Nuveen California Municipal Va (NYSE:NCA) Short Interest Down 50.4% in July

Nuveen California Municipal Va (NYSE:NCA) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 14,280 shares, a drop of 50.4% from the July 15th total of 28,783 shares. Based on an average daily volume of 82,634 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Nuveen California Municipal Va Stock Up 0.1%

Shares of NYSE:NCA traded up $0.01 on Tuesday, hitting $9.15. 14,437 shares of the company’s stock were exchanged, compared to its average volume of 64,392. Nuveen California Municipal Va has a 12 month low of $8.40 and a 12 month high of $9.80. The business’s 50 day simple moving average is $9.21 and its two-hundred day simple moving average is $9.31.

Nuveen California Municipal Va Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.03 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NCA. Advisory Services Network LLC bought a new stake in Nuveen California Municipal Va during the 3rd quarter valued at $33,000. Comerica Bank bought a new stake in shares of Nuveen California Municipal Va in the first quarter valued at about $62,000. Fifth Third Bancorp bought a new stake in shares of Nuveen California Municipal Va in the first quarter valued at about $67,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in Nuveen California Municipal Va in the second quarter worth about $122,000. Finally, Ieq Capital LLC lifted its stake in Nuveen California Municipal Va by 19.0% in the fourth 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 period. Institutional investors own 21.46% of the company’s stock.

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.