Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Significant Decrease in Short Interest

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 80,700 shares, a decline of 25.6% from the December 15th total of 108,400 shares. Based on an average daily trading volume, of 85,200 shares, the days-to-cover ratio is currently 0.9 days.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.1 %

Shares of Nuveen Select Tax-Free Income Portfolio stock traded up $0.02 during trading hours on Wednesday, reaching $14.80. 129,833 shares of the company’s stock were exchanged, compared to its average volume of 87,059. The company has a 50 day moving average of $14.79 and a two-hundred day moving average of $14.82. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.79 and a fifty-two week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.052 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.62 annualized dividend and a yield of 4.22%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Icon Wealth Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at approximately $32,000. Sanctuary Advisors LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at $161,000. Bank of New York Mellon Corp acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at $249,000. B. Riley Wealth Advisors Inc. grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 101.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 21,497 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 10,824 shares during the period. Finally, Capital Advisors Wealth Management LLC increased its stake in shares of Nuveen Select Tax-Free Income Portfolio by 31.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 26,756 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 6,390 shares during the last quarter. Institutional investors and hedge funds own 16.17% of the company’s stock.

About Nuveen Select Tax-Free Income Portfolio

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.