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 increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,800 shares, an increase of 64.3% from the February 28th total of 8,400 shares. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NXC. Ameriprise Financial Inc. raised its position in shares of 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 valued at $841,000 after buying an additional 7,919 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the 4th quarter valued at $275,000. Wedbush Securities Inc. acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth $198,000. Wolverine Asset Management LLC acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth $92,000. Finally, Caprock Group LLC bought a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth $146,000. Institutional investors and hedge funds own 11.89% of the company’s stock.

Nuveen California Select Tax-Free Income Portfolio Stock Up 0.2 %

NXC stock traded up $0.02 during trading hours on Friday, hitting $13.10. 10,309 shares of the stock were exchanged, compared to its average volume of 18,272. Nuveen California Select Tax-Free Income Portfolio has a 12 month low of $12.75 and a 12 month high of $14.18. The company has a 50-day simple moving average of $13.10 and a two-hundred day simple moving average of $13.38.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The firm 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.

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.