Nuveen California Municipal Va (NYSE:NCA - Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 14,280 shares, a decline 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. Approximately 0.0% of the company's stock are sold short.

Nuveen California Municipal Va Trading Down 0.1%

Shares of NYSE:NCA traded down $0.01 during trading hours on Friday, reaching $9.17. The stock had a trading volume of 77,424 shares, compared to its average volume of 70,034. Nuveen California Municipal Va has a 1 year low of $8.40 and a 1 year high of $9.80. The firm's 50 day moving average is $9.21 and its 200-day moving average is $9.32.

Nuveen California Municipal Va Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued 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 of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NCA. Advisory Services Network LLC purchased a new stake in Nuveen California Municipal Va during the third quarter worth 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 acquired a new position in shares of Nuveen California Municipal Va in the 1st quarter valued at $67,000. Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Nuveen California Municipal Va in the 2nd quarter valued at $122,000. Finally, 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 valued at $134,000 after buying an additional 2,390 shares during the last quarter. Hedge funds and other institutional investors own 21.46% of the company's stock.

About Nuveen California Municipal Va

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Nuveen California Municipal Va
• The Metals Company’s Big Bet Now Comes Down to a License
• OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
• Meta and Tesla Are Rebounding From Oversold Levels—Now What?
• AMG’s Alternatives Boom Powers Record Growth

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Nuveen California Municipal Va Right Now?

Before you consider Nuveen California Municipal Va, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen California Municipal Va wasn't on the list.

While Nuveen California Municipal Va currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here