Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 13,000 shares, a decrease of 40.4% from the November 30th total of 21,800 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 0.7 days.
Nuveen California Select Tax-Free Income Portfolio Price Performance
Shares of NXC stock traded down $0.01 during trading hours on Friday, reaching $13.09. 32,936 shares of the stock were exchanged, compared to its average volume of 17,425. Nuveen California Select Tax-Free Income Portfolio has a 12-month low of $12.75 and a 12-month high of $14.18. The company's 50-day moving average price is $13.42 and its 200-day moving average price is $13.52.
Nuveen California Select Tax-Free Income Portfolio Dividend Announcement
The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.0455 dividend. The ex-dividend date of this dividend is Friday, December 13th.
Institutional Trading of Nuveen California Select Tax-Free Income Portfolio
Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the second quarter valued at approximately $74,000. International Assets Investment Management LLC lifted its holdings in shares of 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 buying an additional 13,152 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the 2nd quarter worth $204,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Nuveen California Select Tax-Free Income Portfolio by 30.4% during the third quarter. Advisors Asset Management Inc. now owns 43,308 shares of the company's stock valued at $612,000 after buying an additional 10,108 shares during the period. 11.89% of the stock is currently owned by institutional investors.
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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