Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Declines By 25.0%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large 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 trading volume of 9,000 shares, the days-to-cover ratio is presently 1.2 days.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

NXN stock traded down $0.07 during mid-day trading on Friday, reaching $11.69. 12,726 shares of the company traded hands, compared to its average volume of 8,741. The firm’s 50 day moving average price is $11.95 and its 200 day moving average price is $11.86. Nuveen New York Select Tax-Free Income Portfolio has a fifty-two week low of $11.04 and a fifty-two week high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.042 per share. The ex-dividend date is Friday, December 13th. This represents a $0.50 annualized dividend and a dividend yield of 4.31%.

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

Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings 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 worth $266,000 after acquiring an additional 6,421 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 6.0% during the second quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock valued at $592,000 after purchasing an additional 2,874 shares in the last quarter. Breakwater Capital Group boosted its holdings 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 worth $447,000 after purchasing an additional 14,338 shares during the last quarter. Finally, OMNI 360 Wealth Inc. bought a new stake in Nuveen New York Select Tax-Free Income Portfolio in the 2nd quarter worth about $146,000.

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.