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

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 13,200 shares, a drop of 37.4% from the December 31st total of 21,100 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is currently 0.6 days.

Nuveen California Select Tax-Free Income Portfolio Trading Down 0.3 %

Nuveen California Select Tax-Free Income Portfolio stock traded down $0.04 during trading hours on Tuesday, reaching $13.17. 11,428 shares of the stock were exchanged, compared to its average volume of 18,015. The stock has a 50 day moving average of $13.15 and a two-hundred day moving average of $13.52. Nuveen California Select Tax-Free Income Portfolio has a twelve month low of $12.75 and a twelve month high of $14.18.

Nuveen California Select Tax-Free Income Portfolio Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th were issued a $0.0455 dividend. The ex-dividend date was Wednesday, January 15th.

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

A number of institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its position in 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 acquiring an additional 13,152 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the 4th quarter valued at approximately $146,000. Advisors Asset Management Inc. grew its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 30.4% during the 3rd 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 last quarter. Wolverine Asset Management LLC acquired a new position in Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $92,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Nuveen California Select Tax-Free Income Portfolio in the 2nd quarter valued at approximately $74,000. Institutional investors and hedge funds 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.