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

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 11,100 shares, a drop of 25.0% from the November 15th total of 14,800 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 1.2 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in Nuveen New York Select Tax-Free Income Portfolio by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock worth $592,000 after purchasing an additional 2,874 shares during the period. Breakwater Capital Group grew its stake in Nuveen New York Select Tax-Free Income Portfolio by 60.1% during the second quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock valued at $447,000 after acquiring an additional 14,338 shares in the last quarter. Stifel Financial Corp increased its holdings in Nuveen New York Select Tax-Free Income Portfolio by 41.5% in the 3rd quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock valued at $266,000 after acquiring an additional 6,421 shares during the last quarter. Finally, OMNI 360 Wealth Inc. purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio in the 2nd quarter worth $146,000.

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

Shares of NYSE:NXN traded down $0.01 on Friday, hitting $11.75. The company had a trading volume of 924 shares, compared to its average volume of 8,690. The firm’s 50-day simple moving average is $11.96 and its two-hundred day simple moving average is $11.86. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $11.04 and a 1 year high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, December 13th.

About Nuveen New York Select Tax-Free Income Portfolio

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.