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

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) saw a large decline in short interest during the month of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 24,000 shares, the short-interest ratio is presently 0.4 days.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

Shares of NYSE NXC traded down $0.01 during mid-day trading on Monday, reaching $13.03. 15,047 shares of the company were exchanged, compared to its average volume of 18,059. Nuveen California Select Tax-Free Income Portfolio has a 52 week low of $12.75 and a 52 week high of $14.18. The company’s 50 day moving average price is $13.09 and its 200 day moving average price is $13.42.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0455 per share. The ex-dividend date is Friday, March 14th.

Institutional Trading of Nuveen California Select Tax-Free Income Portfolio

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth $275,000. Wedbush Securities Inc. bought a new stake in Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth $198,000. Caprock Group LLC bought a new stake in Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth $146,000. Advisors Asset Management Inc. lifted its stake in Nuveen California Select Tax-Free Income Portfolio by 30.4% in the third 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. lifted its stake in Nuveen California Select Tax-Free Income Portfolio by 13.9% in the fourth quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company’s stock worth $841,000 after purchasing an additional 7,919 shares during the last quarter. 11.89% of the stock is owned by institutional investors.

About Nuveen California Select Tax-Free Income Portfolio

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.