Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Short Interest Down 44.8% in December

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 4,087 shares, a decrease of 44.8% from the December 15th total of 7,405 shares. Based on an average daily trading volume, of 37,873 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 37,873 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Nuveen California Select Tax-Free Income Portfolio

A number of institutional investors have recently bought and sold shares of NXC. Jones Financial Companies Lllp lifted its holdings in Nuveen California Select Tax-Free Income Portfolio by 24.1% in the 3rd 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 in the last quarter. Gerber Kawasaki Wealth & Investment Management purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the third quarter worth about $130,000. Caprock Group LLC acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the third quarter valued at approximately $149,000. Equitable Holdings Inc. purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the third quarter valued at approximately $165,000. Finally, Wedbush Securities Inc. lifted its stake in shares of Nuveen California Select Tax-Free Income Portfolio by 19.5% during the third quarter. Wedbush Securities Inc. now owns 24,230 shares of the company’s stock valued at $314,000 after buying an additional 3,953 shares during the period. 11.89% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen California Select Tax-Free Income Portfolio Price Performance

Nuveen California Select Tax-Free Income Portfolio stock traded up $0.02 during midday trading on Thursday, reaching $13.29. The company’s stock had a trading volume of 76,961 shares, compared to its average volume of 30,403. Nuveen California Select Tax-Free Income Portfolio has a fifty-two week low of $12.41 and a fifty-two week high of $13.45. The stock’s 50 day simple moving average is $13.22 and its 200 day simple moving average is $13.04.

Nuveen California Select Tax-Free Income Portfolio Announces Dividend

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

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.