Short Interest in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Decreases By 32.8%

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the recipient of a significant decrease in short interest in 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. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Nuveen California Select Tax-Free Income Portfolio Stock Down 0.1 %

Shares of NYSE:NXC traded down $0.01 during midday trading on Friday, reaching $13.03. The company’s stock had a trading volume of 9,379 shares, compared to its average volume of 18,973. Nuveen California Select Tax-Free Income Portfolio has a twelve month low of $12.75 and a twelve month high of $14.18. The stock has a fifty day moving average of $13.09 and a 200 day moving average of $13.43.

Nuveen California Select Tax-Free Income Portfolio Announces Dividend

The company 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 of this dividend is Friday, March 14th.

Institutional Trading of Nuveen California Select Tax-Free Income Portfolio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXC. Raymond James Financial Inc. purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the fourth quarter worth about $275,000. Wedbush Securities Inc. purchased a new position in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth about $198,000. Caprock Group LLC purchased a new position in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth about $146,000. Advisors Asset Management Inc. raised its stake in 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 worth $612,000 after purchasing an additional 10,108 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in 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 worth $841,000 after purchasing an additional 7,919 shares during the period. Institutional investors and hedge funds own 11.89% of the company’s stock.

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.