Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Sees Large Growth in Short Interest

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) saw a large 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 22,100 shares, the short-interest ratio is presently 0.6 days.

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

Institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth about $92,000. Caprock Group LLC acquired a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $146,000. Wedbush Securities Inc. acquired a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $198,000. Raymond James Financial Inc. purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter valued at approximately $275,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of 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 valued at $841,000 after purchasing an additional 7,919 shares during the period. 11.89% of the stock is owned by hedge funds and other institutional investors.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

NXC remained flat at $13.10 on Monday. The company’s stock had a trading volume of 2,678 shares, compared to its average volume of 18,211. The firm’s fifty day moving average is $13.10 and its 200-day moving average is $13.37. Nuveen California Select Tax-Free Income Portfolio has a 12 month low of $12.75 and a 12 month high of $14.18.

Nuveen California Select Tax-Free Income Portfolio Announces Dividend

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

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.