Nuveen Sl Tfip (NYSE:NXP) Sees Significant Drop in Short Interest

Nuveen Sl Tfip (NYSE:NXP) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 34,859 shares, a decrease of 46.8% from the May 31st total of 65,498 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 125,842 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Nuveen Sl Tfip

A number of institutional investors have recently bought and sold shares of the company. Stephens Inc. AR raised its stake in shares of Nuveen Sl Tfip by 16.2% during the 4th quarter. Stephens Inc. AR now owns 576,303 shares of the financial services provider’s stock worth $8,126,000 after purchasing an additional 80,180 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Nuveen Sl Tfip in the 4th quarter valued at approximately $73,000. Mutual Advisors LLC acquired a new position in Nuveen Sl Tfip in the fourth quarter worth approximately $225,000. Wolverine Asset Management LLC acquired a new position in Nuveen Sl Tfip in the fourth quarter worth approximately $436,000. Finally, Great Lakes Retirement Inc. bought a new position in Nuveen Sl Tfip during the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Sl Tfip Price Performance

Shares of NYSE NXP traded up $0.04 during mid-day trading on Wednesday, reaching $14.35. The company had a trading volume of 161,019 shares, compared to its average volume of 128,836. The stock has a fifty day moving average of $14.25 and a two-hundred day moving average of $14.26. Nuveen Sl Tfip has a 12-month low of $13.73 and a 12-month high of $14.65.

Nuveen Sl Tfip Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0535 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, June 15th.

Nuveen Sl Tfip 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. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average.