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

Nuveen California Municipal Va (NYSE:NCA) was the recipient of a large 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. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 58,366 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NCA. UBS Group AG raised its stake in shares of Nuveen California Municipal Va by 38.8% during the 4th quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock worth $16,047,000 after acquiring an additional 501,505 shares in the last quarter. Advisors Asset Management Inc. grew its position in Nuveen California Municipal Va by 40.0% during the 4th quarter. Advisors Asset Management Inc. now owns 1,070,770 shares of the company’s stock worth $9,583,000 after purchasing an additional 306,174 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew 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 purchasing an additional 71,944 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Nuveen California Municipal Va during the 4th quarter worth approximately $559,000. Finally, Bank of America Corp DE grew its position in Nuveen California Municipal Va by 55.3% during the 1st quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after purchasing an additional 58,338 shares during the last quarter. Institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Trading Down 0.6%

Shares of NYSE NCA traded down $0.06 during trading hours on Friday, hitting $9.19. 58,198 shares of the stock were exchanged, compared to its average volume of 56,004. The firm has a fifty day moving average price of $9.35 and a 200-day moving average price of $9.26. Nuveen California Municipal Va has a 12 month low of $8.39 and a 12 month high of $9.80.

Nuveen California Municipal Va Dividend Announcement

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