Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Up 24.6% in October

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 23,300 shares, an increase of 24.6% from the October 15th total of 18,700 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 2.9 days.

Nuveen New York Select Tax-Free Income Portfolio Stock Down 0.6 %

Nuveen New York Select Tax-Free Income Portfolio stock traded down $0.07 during mid-day trading on Friday, reaching $11.87. The company’s stock had a trading volume of 2,779 shares, compared to its average volume of 8,339. Nuveen New York Select Tax-Free Income Portfolio has a 12-month low of $11.04 and a 12-month high of $12.40. The firm’s fifty day moving average price is $12.05 and its two-hundred day moving average price is $11.85.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Friday, November 15th.

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

Several institutional investors have recently added to or reduced their stakes in NXN. Opal Wealth Advisors LLC purchased a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the second quarter valued at about $106,000. OMNI 360 Wealth Inc. bought a new position in Nuveen New York Select Tax-Free Income Portfolio in the second quarter worth about $146,000. Breakwater Capital Group lifted its holdings in Nuveen New York Select Tax-Free Income Portfolio by 60.1% in the second quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock worth $447,000 after buying an additional 14,338 shares during the period. Finally, Wolverine Asset Management LLC boosted its position in Nuveen New York Select Tax-Free Income Portfolio by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock valued at $592,000 after acquiring an additional 2,874 shares in the last quarter.

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.