Short Interest in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Drops By 29.8%

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 12,500 shares, a drop of 29.8% from the January 31st total of 17,800 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of NXC. International Assets Investment Management LLC boosted its stake in shares of Nuveen California Select Tax-Free Income Portfolio by 1,313.9% during the third quarter. International Assets Investment Management LLC now owns 14,153 shares of the company’s stock valued at $200,000 after purchasing an additional 13,152 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of 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 valued at $612,000 after purchasing an additional 10,108 shares in the last quarter. Caprock Group LLC bought a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $146,000. Wolverine Asset Management LLC bought a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $92,000. Finally, Raymond James Financial Inc. bought a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $275,000. 11.89% of the stock is currently owned by institutional investors.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

Shares of NYSE:NXC traded up $0.03 during trading on Wednesday, reaching $13.07. 13,467 shares of the company were exchanged, compared to its average volume of 19,505. The business’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $13.46. 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 Dividend Announcement

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