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

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 15,500 shares, a decline of 39.7% from the October 31st total of 25,700 shares. Based on an average daily trading volume, of 16,000 shares, the short-interest ratio is presently 1.0 days.

Nuveen California Select Tax-Free Income Portfolio Stock Up 2.4 %

Shares of NYSE:NXC traded up $0.32 during trading hours on Thursday, hitting $13.73. 27,195 shares of the company’s stock traded hands, compared to its average volume of 16,252. Nuveen California Select Tax-Free Income Portfolio has a 1 year low of $12.31 and a 1 year high of $14.18. The business has a fifty day moving average price of $13.76 and a 200-day moving average price of $13.52.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.0455 per share. The ex-dividend date is Friday, November 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NXC. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the second quarter valued at approximately $74,000. International Assets Investment Management LLC boosted its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 1,313.9% in 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 during the period. Cetera Advisors LLC purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the first quarter valued at approximately $201,000. Wolverine Asset Management LLC purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the second quarter valued at approximately $204,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 30.4% in 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 during the period. Hedge funds and other institutional investors own 11.89% of the company’s stock.

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.