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 significant drop in short interest in February. As of February 15th, there was short interest totalling 12,500 shares, a drop of 29.8% from the January 31st total of 17,800 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

NXC stock traded down $0.03 during trading hours on Tuesday, hitting $13.08. The company’s stock had a trading volume of 26,353 shares, compared to its average volume of 19,662. The stock has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $13.46. Nuveen California Select Tax-Free Income Portfolio has a 12 month low of $12.75 and a 12 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. Investors of record on Friday, March 14th will be issued a $0.0455 dividend. The ex-dividend date of this dividend is Friday, March 14th.

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

Several hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth about $92,000. Caprock Group LLC bought a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the 4th quarter valued at approximately $146,000. Wedbush Securities Inc. acquired a new stake in Nuveen California Select Tax-Free Income Portfolio in the 4th quarter worth approximately $198,000. International Assets Investment Management LLC boosted its position in Nuveen California Select Tax-Free Income Portfolio by 1,313.9% during the third quarter. International Assets Investment Management LLC now owns 14,153 shares of the company’s stock worth $200,000 after purchasing an additional 13,152 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth approximately $275,000. 11.89% of the stock is owned by institutional investors and hedge funds.

Nuveen California Select Tax-Free Income Portfolio Company Profile

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.