Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Rises By 542.9%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 9,000 shares, a growth 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 currently 0.6 days.

Nuveen New York Select Tax-Free Income Portfolio Trading Up 0.6 %

Shares of NYSE:NXN traded up $0.07 during midday trading on Friday, reaching $11.70. 4,278 shares of the company’s stock traded hands, compared to its average volume of 11,780. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $10.98 and a one year high of $12.40. The stock has a 50 day moving average of $11.69 and a 200 day moving average of $11.83.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

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

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

A number of large investors have recently added to or reduced their stakes in the stock. 1607 Capital Partners LLC increased its position in Nuveen New York Select Tax-Free Income Portfolio by 23.7% during the fourth quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock valued at $3,100,000 after acquiring an additional 52,358 shares during the last quarter. Logan Stone Capital LLC bought a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter valued at about $197,000. Wolverine Asset Management LLC grew its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% during the 4th quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock valued at $522,000 after purchasing an additional 9,850 shares during the period. Guggenheim Capital LLC increased its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the 4th quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock valued at $624,000 after purchasing an additional 6,457 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of 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 worth $266,000 after purchasing an additional 6,421 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.