Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Decreases By 15.8%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 8,000 shares, a drop of 15.8% from the March 15th total of 9,500 shares. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio

Several hedge funds have recently made changes to their positions in NXN. Opal Wealth Advisors LLC purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio during the first quarter valued at approximately $107,000. Logan Stone Capital LLC purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter valued at $197,000. 1607 Capital Partners LLC raised its holdings in Nuveen New York Select Tax-Free Income Portfolio by 23.7% during the 4th quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock valued at $3,100,000 after buying an additional 52,358 shares during the period. Guggenheim Capital LLC boosted its stake in Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock worth $624,000 after buying an additional 6,457 shares during the period. Finally, Wolverine Asset Management LLC increased its position in Nuveen New York Select Tax-Free Income Portfolio by 27.3% during the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock valued at $522,000 after acquiring an additional 9,850 shares during the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Stock Up 0.6 %

NYSE:NXN opened at $11.35 on Wednesday. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $10.98 and a 1 year high of $12.40. The stock’s 50 day simple moving average is $11.65 and its two-hundred day simple moving average is $11.73.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Tuesday, April 15th.

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.