Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Down 60.0% in February

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,400 shares, a decrease of 60.0% from the January 31st total of 3,500 shares. Based on an average daily trading volume, of 16,200 shares, the short-interest ratio is presently 0.1 days.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

NYSE:NXN traded down $0.04 during trading hours on Friday, hitting $11.81. The company had a trading volume of 1,116 shares, compared to its average volume of 11,728. Nuveen New York Select Tax-Free Income Portfolio has a 52 week low of $10.98 and a 52 week high of $12.40. The stock has a 50-day moving average price of $11.61 and a 200 day moving average price 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 Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, February 14th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Breakwater Capital Group lifted its holdings in Nuveen New York Select Tax-Free Income Portfolio by 15.3% in the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock valued at $467,000 after acquiring an additional 5,470 shares during the period. Stifel Financial Corp grew 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 valued at $266,000 after buying an additional 6,421 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the 4th quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock worth $624,000 after purchasing an additional 6,457 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Nuveen New York Select Tax-Free Income Portfolio by 27.3% during the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock valued at $522,000 after buying an additional 9,850 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new stake in Nuveen New York Select Tax-Free Income Portfolio in the fourth quarter worth $197,000.

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.