Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Down 37.1% in January

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 8,300 shares, a decline of 37.1% from the December 31st total of 13,200 shares. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds have recently made changes to their positions in NXN. Stifel Financial Corp raised its holdings in Nuveen New York Select Tax-Free Income Portfolio by 41.5% in the third quarter. Stifel Financial Corp now owns 21,883 shares of the company's stock worth $266,000 after buying an additional 6,421 shares during the last quarter. Breakwater Capital Group grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% during the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company's stock worth $467,000 after purchasing an additional 5,470 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings 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 last quarter.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of Nuveen New York Select Tax-Free Income Portfolio stock traded up $0.08 during trading on Tuesday, hitting $11.68. 14,395 shares of the stock traded hands, compared to its average volume of 13,922. 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 firm's fifty day moving average is $11.62 and its 200-day moving average is $11.82.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were given a $0.042 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.32%.

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.