Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Update

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 58,700 shares, an increase of 19.3% from the February 28th total of 49,200 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 92,700 shares, the short-interest ratio is currently 0.6 days.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NXP opened at $14.35 on Friday. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.79 and a twelve month high of $15.25. The firm’s 50-day moving average price is $14.62 and its 200 day moving average price is $14.77.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Tuesday, April 15th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in NXP. Raymond James Financial Inc. acquired a new position in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth $4,547,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock worth $14,489,000 after acquiring an additional 298,219 shares during the period. Hirtle Callaghan & Co LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter valued at about $958,000. Guggenheim Capital LLC grew its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 12.6% in the fourth quarter. Guggenheim Capital LLC now owns 527,231 shares of the financial services provider’s stock valued at $7,988,000 after purchasing an additional 59,204 shares during the period. Finally, Broyhill Asset Management acquired a new stake in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth about $800,000. 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.