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

Nuveen Sl Tfip (NYSE:NXP) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 32,092 shares, a decline of 64.0% from the August 31st total of 89,055 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 216,798 shares, the short-interest ratio is presently 0.1 days.

Nuveen Sl Tfip Price Performance

Shares of NXP traded down $0.06 during mid-day trading on Monday, hitting $13.00. 644,019 shares of the company’s stock were exchanged, compared to its average volume of 163,086. Nuveen Sl Tfip has a 52 week low of $12.87 and a 52 week high of $14.65. The company has a 50-day simple moving average of $14.00 and a 200 day simple moving average of $14.19.

Nuveen Sl Tfip Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.64 annualized dividend and a yield of 4.9%.

Institutional Investors Weigh In On Nuveen Sl Tfip

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXP. World Investment Advisors grew its holdings in shares of Nuveen Sl Tfip by 4.7% in the 1st quarter. World Investment Advisors now owns 20,722 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 926 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Nuveen Sl Tfip by 20.7% during the first quarter. D.A. Davidson & CO. now owns 14,778 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 2,530 shares in the last quarter. Wedbush Securities Inc. boosted its position in Nuveen Sl Tfip by 4.1% during the second quarter. Wedbush Securities Inc. now owns 73,793 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 2,931 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Nuveen Sl Tfip during the second quarter valued at approximately $45,000. Finally, Bayban bought a new position in Nuveen Sl Tfip in the fourth quarter valued at approximately $62,000. 16.17% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Sl Tfip

Nuveen Select Tax-Free Income Portfolio is a closed-end management investment company listed on the New York Stock Exchange under the symbol NXP. The fund seeks to provide current income that is exempt from regular federal income tax, while also pursuing long-term preservation of capital.

The portfolio invests primarily in municipal securities issued by state and local governments, public authorities and other governmental entities throughout the United States. These securities may help finance public infrastructure and services, including schools, transportation systems, utilities, hospitals and housing projects.