Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Up 58.3% in September

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 16,300 shares, a growth of 58.3% from the September 15th total of 10,300 shares. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 1.5 days.

Nuveen New York Select Tax-Free Income Portfolio Trading Up 0.1%

Shares of NYSE:NXN opened at $11.94 on Friday. Nuveen New York Select Tax-Free Income Portfolio has a 52-week low of $10.98 and a 52-week high of $12.20. The company has a fifty day moving average of $11.90 and a 200-day moving average of $11.64.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.042 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

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

Hedge funds have recently made changes to their positions in the company. OMNI 360 Wealth Inc. grew its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.0% during the first quarter. OMNI 360 Wealth Inc. now owns 15,000 shares of the company’s stock worth $177,000 after purchasing an additional 2,500 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Nuveen New York Select Tax-Free Income Portfolio in the 1st quarter valued at approximately $230,000. Finally, Guggenheim Capital LLC boosted its position in Nuveen New York Select Tax-Free Income Portfolio by 20.1% during the 2nd quarter. Guggenheim Capital LLC now owns 76,674 shares of the company’s stock worth $892,000 after buying an additional 12,839 shares during the period.

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.