Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Short Interest Update

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 28,400 shares, an increase of 25.1% from the September 30th total of 22,700 shares. Based on an average daily volume of 15,700 shares, the short-interest ratio is currently 1.8 days.

Nuveen California Select Tax-Free Income Portfolio Trading Down 0.7 %

Shares of NYSE NXC traded down $0.09 on Monday, reaching $13.58. 10,588 shares of the company traded hands, compared to its average volume of 16,514. Nuveen California Select Tax-Free Income Portfolio has a fifty-two week low of $11.86 and a fifty-two week high of $14.18. The company has a 50 day moving average of $13.88 and a 200 day moving average of $13.44.

Nuveen California Select Tax-Free Income Portfolio Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0455 per share. The ex-dividend date is Tuesday, October 15th.

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

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the second quarter valued at about $74,000. International Assets Investment Management LLC grew its position in Nuveen California Select Tax-Free Income Portfolio by 1,313.9% during 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 period. Cetera Advisors LLC purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the first quarter valued at about $201,000. Finally, Wolverine Asset Management LLC purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the second quarter valued at about $204,000. Hedge funds and other institutional investors own 11.89% of the company's stock.

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.

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