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 recipient of a large drop in short interest during 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 short-interest ratio is presently 0.5 days.

Nuveen California Select Tax-Free Income Portfolio Stock Up 0.2 %

Shares of NYSE:NXC traded up $0.03 during trading on Wednesday, reaching $13.07. The company’s stock had a trading volume of 13,467 shares, compared to its average volume of 19,505. Nuveen California Select Tax-Free Income Portfolio has a 12 month low of $12.75 and a 12 month high of $14.18. The firm’s 50 day simple moving average is $13.08 and its two-hundred day simple moving average is $13.46.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0455 dividend. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted 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 acquiring an additional 7,919 shares during the last quarter. Advisors Asset Management Inc. raised its position in Nuveen California Select Tax-Free Income Portfolio by 30.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,308 shares of the company’s stock worth $612,000 after purchasing an additional 10,108 shares during the period. Raymond James Financial Inc. purchased a new stake in Nuveen California Select Tax-Free Income Portfolio in the 4th quarter worth about $275,000. Wedbush Securities Inc. purchased a new stake in Nuveen California Select Tax-Free Income Portfolio in the 4th quarter worth about $198,000. Finally, International Assets Investment Management LLC raised its position in Nuveen California Select Tax-Free Income Portfolio by 1,313.9% in the 3rd quarter. International Assets Investment Management LLC now owns 14,153 shares of the company’s stock worth $200,000 after purchasing an additional 13,152 shares during the period. 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.