Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Update

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 9,000 shares, an increase of 542.9% from the February 13th total of 1,400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 0.6 days.

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

A number of institutional investors have recently modified their holdings of NXN. Logan Stone Capital LLC purchased a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the 4th quarter worth about $197,000. Stifel Financial Corp increased its stake in Nuveen New York Select Tax-Free Income Portfolio by 41.5% during the 3rd quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock valued at $266,000 after purchasing an additional 6,421 shares in the last quarter. Breakwater Capital Group raised its holdings in Nuveen New York Select Tax-Free Income Portfolio by 15.3% in the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock worth $467,000 after buying an additional 5,470 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% in the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock worth $522,000 after buying an additional 9,850 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock valued at $624,000 after buying an additional 6,457 shares during the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NXN stock traded up $0.07 during trading hours on Friday, hitting $11.70. 4,278 shares of the company’s stock traded hands, compared to its average volume of 11,780. The stock’s fifty day simple moving average is $11.69 and its two-hundred day simple moving average is $11.83. Nuveen New York Select Tax-Free Income Portfolio has a 12-month low of $10.98 and a 12-month high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, March 14th.

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.