Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Short Interest Update

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,405 shares, an increase of 23.2% from the November 30th total of 6,011 shares. Based on an average daily volume of 20,676 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 20,676 shares, the short-interest ratio is presently 0.4 days.

Nuveen California Select Tax-Free Income Portfolio Price Performance

NXC opened at $13.18 on Friday. The business’s 50-day moving average price is $13.21 and its two-hundred day moving average price is $13.02. Nuveen California Select Tax-Free Income Portfolio has a 1 year low of $12.41 and a 1 year high of $13.45.

Nuveen California Select Tax-Free Income Portfolio Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.043 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, December 15th.

Hedge Funds Weigh In On Nuveen California Select Tax-Free Income Portfolio

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 24.1% in the third quarter. Jones Financial Companies Lllp now owns 6,489 shares of the company’s stock valued at $84,000 after purchasing an additional 1,262 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management acquired a new stake in Nuveen California Select Tax-Free Income Portfolio in the 3rd quarter valued at $130,000. Caprock Group LLC acquired a new stake in Nuveen California Select Tax-Free Income Portfolio in the 3rd quarter valued at $149,000. Equitable Holdings Inc. bought a new stake in Nuveen California Select Tax-Free Income Portfolio during the 3rd quarter worth about $165,000. Finally, Wedbush Securities Inc. boosted its stake in shares of Nuveen California Select Tax-Free Income Portfolio by 19.5% during the 3rd quarter. Wedbush Securities Inc. now owns 24,230 shares of the company’s stock worth $314,000 after buying an additional 3,953 shares during the last quarter. Institutional investors and hedge funds own 11.89% of the company’s stock.

Nuveen California Select Tax-Free Income Portfolio Company Profile

Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal regular and California personal income taxes. The fund primarily invests in municipal securities issued by the state of California and its political subdivisions, including general obligation bonds, revenue bonds and other public financings. By focusing on California‐issued tax-exempt obligations, the portfolio aims to deliver a tax‐advantaged yield profile for individual and institutional shareholders with exposure to the state’s credit quality.

The portfolio’s investment strategy emphasizes a diversified mix of investment-grade and below investment-grade municipal securities across various sectors such as transportation, utilities, healthcare and education.