Nuveen California Municipal Va (NYSE:NCA) Short Interest Update
by Teresa Graham · The Cerbat GemNuveen California Municipal Va (NYSE:NCA – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 14,280 shares, a decrease of 50.4% from the July 15th total of 28,783 shares. Based on an average trading volume of 82,634 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Nuveen California Municipal Va Stock Performance
Shares of NCA stock traded down $0.01 during mid-day trading on Friday, hitting $9.17. 77,424 shares of the stock were exchanged, compared to its average volume of 70,034. The stock’s fifty day simple moving average is $9.21 and its two-hundred day simple moving average is $9.32. Nuveen California Municipal Va has a 12-month low of $8.40 and a 12-month high of $9.80.
Nuveen California Municipal Va Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 14th.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in NCA. Advisory Services Network LLC purchased a new stake in Nuveen California Municipal Va in the third quarter valued at approximately $33,000. Comerica Bank acquired a new position in shares of Nuveen California Municipal Va in the 1st quarter valued at $62,000. Fifth Third Bancorp purchased a new stake in Nuveen California Municipal Va in the 1st quarter valued at $67,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in Nuveen California Municipal Va in the 2nd quarter valued at $122,000. Finally, Ieq Capital LLC boosted its stake in Nuveen California Municipal Va by 19.0% during the 4th quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $134,000 after purchasing an additional 2,390 shares during the period. Institutional investors and hedge funds own 21.46% of the company’s stock.
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.