Short Interest in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Grows By 43.6%

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 85,300 shares, an increase of 43.6% from the January 31st total of 59,400 shares. Based on an average daily volume of 91,900 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Nuveen Select Tax-Free Income Portfolio

Hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth approximately $27,000. Icon Wealth Advisors LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at approximately $32,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter valued at $47,000. Visionary Horizons LLC lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% during the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth $316,000. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Trading Down 0.5 %

Shares of NXP traded down $0.08 during midday trading on Tuesday, hitting $14.67. 55,737 shares of the stock were exchanged, compared to its average volume of 84,711. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25. The stock has a fifty day simple moving average of $14.83 and a 200 day simple moving average of $14.86.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.052 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.25%.

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.