Short Interest in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Increases By 64.3%

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

Nuveen California Select Tax-Free Income Portfolio Price Performance

NYSE:NXC traded up $0.02 during trading hours on Friday, hitting $13.10. 10,309 shares of the company traded hands, compared to its average volume of 18,272. The firm’s 50-day simple moving average is $13.10 and its 200-day simple moving average is $13.38. 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 company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.0455 dividend. The ex-dividend date of this dividend is Friday, March 14th.

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

Several institutional investors have recently modified their holdings of NXC. Wolverine Asset Management LLC bought a new position in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $92,000. Caprock Group LLC purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at about $146,000. Wedbush Securities Inc. bought a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the 4th quarter valued at about $198,000. Raymond James Financial Inc. purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter valued at about $275,000. Finally, Ameriprise Financial Inc. grew its position in Nuveen California Select Tax-Free Income Portfolio by 13.9% during the 4th quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company’s stock worth $841,000 after acquiring an additional 7,919 shares during the last quarter. 11.89% of the stock is currently owned by 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.