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 decrease in short interest during the month of February. As of February 28th, there was short interest totalling 8,400 shares, a decrease of 32.8% from the February 13th total of 12,500 shares. Approximately 0.1% of the company’s shares are sold short. 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 midday trading on Monday, hitting $13.03. 15,047 shares of the stock traded hands, compared to its average volume of 18,059. The business’s 50 day moving average is $13.09 and its two-hundred day moving average is $13.42. Nuveen California Select Tax-Free Income Portfolio has a one year low of $12.75 and a one year high of $14.18.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at about $92,000. Ameriprise Financial Inc. increased its position in shares of Nuveen California Select Tax-Free Income Portfolio by 13.9% during the fourth quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company’s stock valued at $841,000 after buying an additional 7,919 shares during the period. Advisors Asset Management Inc. increased its position in shares of Nuveen California Select Tax-Free Income Portfolio by 30.4% during the third quarter. Advisors Asset Management Inc. now owns 43,308 shares of the company’s stock valued at $612,000 after buying an additional 10,108 shares during the period. Caprock Group LLC purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at about $146,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at about $198,000. Hedge funds and other institutional investors own 11.89% of the company’s stock.

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.