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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 58,700 shares, an increase of 19.3% from the February 28th total of 49,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 92,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Nuveen Select Tax-Free Income Portfolio by 22.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 161,594 shares of the financial services provider’s stock valued at $2,448,000 after buying an additional 29,161 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 47.0% during the 4th quarter. Jones Financial Companies Lllp now owns 137,388 shares of the financial services provider’s stock valued at $2,081,000 after acquiring an additional 43,948 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth $4,547,000. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen Select Tax-Free Income Portfolio by 45.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock valued at $14,489,000 after purchasing an additional 298,219 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the 4th quarter valued at $958,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.0 %

NXP traded down $0.01 during midday trading on Thursday, hitting $14.36. The company’s stock had a trading volume of 61,615 shares, compared to its average volume of 85,656. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25. The firm has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $14.77.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.052 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Friday, March 14th.

Nuveen Select Tax-Free Income Portfolio Company Profile

Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.