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

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,700 shares, an increase of 35.5% from the March 15th total of 13,800 shares. Based on an average daily trading volume, of 19,200 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Nuveen California Select Tax-Free Income Portfolio

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

Nuveen California Select Tax-Free Income Portfolio Trading Down 0.1 %

NYSE:NXC traded down $0.01 during trading hours on Friday, hitting $12.53. The company’s stock had a trading volume of 27,981 shares, compared to its average volume of 19,281. Nuveen California Select Tax-Free Income Portfolio has a 52-week low of $12.45 and a 52-week high of $14.18. The business’s 50-day moving average is $12.99 and its two-hundred day moving average is $13.24.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 16th will be issued a $0.0455 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a dividend yield of 4.29%.

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.