Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,700 shares, an increase of 35.5% from the March 15th total of 13,800 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,200 shares, the short-interest ratio is currently 1.0 days.
Nuveen California Select Tax-Free Income Portfolio Stock Performance
Shares of NYSE:NXC traded down $0.04 during midday trading on Wednesday, hitting $12.48. The company's stock had a trading volume of 603 shares, compared to its average volume of 20,836. The business's 50 day simple moving average is $12.97 and its 200 day simple moving average is $13.22. Nuveen California Select Tax-Free Income Portfolio has a 12-month low of $12.41 and a 12-month high of $14.18.
Nuveen California Select Tax-Free Income Portfolio Announces Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0455 per share. This represents a yield of 4.29%. The ex-dividend date of this dividend is Tuesday, April 15th.
Hedge Funds Weigh In On Nuveen California Select Tax-Free Income Portfolio
A number of institutional investors have recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at about $146,000. Wolverine Asset Management LLC acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $92,000. Raymond James Financial Inc. acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $275,000. Wedbush Securities Inc. acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $198,000. Finally, Ameriprise Financial Inc. grew its holdings 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 worth $841,000 after acquiring an additional 7,919 shares in the last quarter. 11.89% of the stock is owned by hedge funds and other institutional investors.
Nuveen California Select Tax-Free Income Portfolio Company Profile
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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.
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