Short Interest in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Decreases By 22.5%

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXCGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,100 shares, a decrease of 22.5% from the March 31st total of 4,000 shares. Based on an average daily volume of 14,700 shares, the short-interest ratio is currently 0.2 days.

NYSE NXC opened at $13.74 on Thursday. Nuveen California Select Tax-Free Income Portfolio has a twelve month low of $13.42 and a twelve month high of $19.87. The stock has a fifty day simple moving average of $14.45 and a 200 day simple moving average of $15.28.

The business also recently disclosed a dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, April 14th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a yield of 3.55%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its holdings in Nuveen California Select Tax-Free Income Portfolio by 9.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $182,000 after purchasing an additional 924 shares during the period. Wells Fargo & Company MN increased its holdings in Nuveen California Select Tax-Free Income Portfolio by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 34,142 shares of the company’s stock valued at $564,000 after purchasing an additional 1,098 shares during the period. Advisor Group Holdings Inc. increased its holdings in Nuveen California Select Tax-Free Income Portfolio by 10.0% in the first quarter. Advisor Group Holdings Inc. now owns 22,485 shares of the company’s stock valued at $319,000 after purchasing an additional 2,046 shares during the period. UBS Group AG increased its holdings in Nuveen California Select Tax-Free Income Portfolio by 6.1% in the third quarter. UBS Group AG now owns 42,327 shares of the company’s stock valued at $667,000 after purchasing an additional 2,437 shares during the period. Finally, Allworth Financial LP bought a new stake in Nuveen California Select Tax-Free Income Portfolio during the first quarter valued at $43,000. Institutional investors and hedge funds own 14.58% of the company’s stock.

Nuveen California Select Tax-Free Income Portfolio Company Profile (Get Rating)

Nuveen California Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests in the securities of companies that operate across diversified sectors.

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