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

Nuveen California Select Tax-Free Income Portfolio Price Performance

Shares of NXC traded down $0.03 during mid-day trading on Tuesday, reaching $13.08. The company’s stock had a trading volume of 26,353 shares, compared to its average volume of 19,662. The business has a fifty day moving average of $13.08 and a 200 day moving average of $13.46. Nuveen California Select Tax-Free Income Portfolio has a 1 year low of $12.75 and a 1 year high of $14.18.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0455 per share. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position in Nuveen California Select Tax-Free Income Portfolio by 13.9% in the 4th quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company’s stock worth $841,000 after buying an additional 7,919 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth $275,000. Wedbush Securities Inc. purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth $198,000. Wolverine Asset Management LLC acquired a new stake in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at $92,000. Finally, Caprock Group LLC purchased a new position in Nuveen California Select Tax-Free Income Portfolio in the fourth quarter valued at about $146,000. 11.89% of the stock is owned by hedge funds and other institutional investors.

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.