Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Grows By 247.4%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 13,200 shares, an increase of 247.4% from the December 15th total of 3,800 shares. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is presently 0.9 days.

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

An institutional investor recently raised its position in Nuveen New York Select Tax-Free Income Portfolio stock. Stifel Financial Corp increased its stake in shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 41.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,883 shares of the company’s stock after buying an additional 6,421 shares during the quarter. Stifel Financial Corp’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $266,000 at the end of the most recent reporting period.

Nuveen New York Select Tax-Free Income Portfolio Trading Down 0.1 %

Shares of Nuveen New York Select Tax-Free Income Portfolio stock opened at $11.58 on Thursday. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $10.98 and a one year high of $12.40. The business’s 50 day moving average price is $11.69 and its 200 day moving average price is $11.83.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.35%.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

Nuveen New York 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 New York. The fund invests in the securities of companies that operate across diversified sectors.