Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,800 shares, an increase of 64.3% from the February 28th total of 8,400 shares. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NXC. Wolverine Asset Management LLC purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth approximately $92,000. Caprock Group LLC purchased a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the fourth quarter valued at $146,000. Wedbush Securities Inc. acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the 4th quarter worth $198,000. Raymond James Financial Inc. purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the fourth quarter valued at about $275,000. Finally, Ameriprise Financial Inc. grew its holdings in Nuveen California Select Tax-Free Income Portfolio by 13.9% during 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. Hedge funds and other institutional investors own 11.89% of the company's stock.
Nuveen California Select Tax-Free Income Portfolio Stock Performance
NXC stock traded down $0.05 during trading on Wednesday, hitting $13.20. The company had a trading volume of 3,220 shares, compared to its average volume of 18,230. Nuveen California Select Tax-Free Income Portfolio has a 1-year low of $12.75 and a 1-year high of $14.18. The firm has a 50-day moving average price of $13.11 and a 200-day moving average price of $13.36.
Nuveen California Select Tax-Free Income Portfolio Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.0455 per share. The ex-dividend date of this dividend was Friday, March 14th.
About Nuveen California Select Tax-Free Income Portfolio
(
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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.
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