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

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 13,800 shares, a growth of 64.3% from the February 28th total of 8,400 shares. Based on an average daily trading volume, of 22,100 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Nuveen California Select Tax-Free Income Portfolio

A number of institutional investors have recently modified their holdings of the company. Caprock Group LLC acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $146,000. Wolverine Asset Management LLC acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $92,000. Raymond James Financial Inc. acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $275,000. Wedbush Securities Inc. bought a new position in Nuveen California Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $198,000. Finally, Ameriprise Financial Inc. boosted its holdings 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 buying 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 Stock Up 0.2 %

Shares of Nuveen California Select Tax-Free Income Portfolio stock traded up $0.02 on Friday, hitting $13.10. The company had a trading volume of 10,309 shares, compared to its average volume of 18,272. Nuveen California Select Tax-Free Income Portfolio has a twelve month low of $12.75 and a twelve month high of $14.18. The stock has a 50-day moving average of $13.10 and a 200-day moving average of $13.38.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0455 dividend. 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.