Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 8,400 shares, a decline of 32.8% from the February 13th total of 12,500 shares. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company's stock are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth about $275,000. Wedbush Securities Inc. acquired a new stake in Nuveen California Select Tax-Free Income Portfolio in the 4th quarter worth approximately $198,000. Caprock Group LLC purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $146,000. Advisors Asset Management Inc. grew its position in Nuveen California Select Tax-Free Income Portfolio by 30.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,308 shares of the company's stock worth $612,000 after purchasing an additional 10,108 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Nuveen California Select Tax-Free Income Portfolio by 13.9% during the 4th quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company's stock valued at $841,000 after purchasing an additional 7,919 shares in the last quarter. 11.89% of the stock is owned by institutional investors and hedge funds.
Nuveen California Select Tax-Free Income Portfolio Price Performance
NXC traded down $0.06 during trading on Wednesday, hitting $12.94. The stock had a trading volume of 29,706 shares, compared to its average volume of 18,073. The stock has a 50 day simple moving average of $13.09 and a two-hundred day simple moving average of $13.41. Nuveen California Select Tax-Free Income Portfolio has a twelve month low of $12.75 and a twelve month high of $14.18.
Nuveen California Select Tax-Free Income Portfolio Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.0455 dividend. The ex-dividend date of this dividend is Friday, March 14th.
About Nuveen California Select Tax-Free Income Portfolio
(
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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.
Further Reading
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