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 - Get Free Report) was the recipient 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 days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NXN. Stifel Financial Corp grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% during the third quarter. Stifel Financial Corp now owns 21,883 shares of the company's stock valued at $266,000 after purchasing an additional 6,421 shares in 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 valued at $467,000 after purchasing an additional 5,470 shares in the last quarter. Wolverine Asset Management LLC grew its position in shares of 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 purchasing an additional 9,850 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the fourth 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 in the last quarter. Finally, 1607 Capital Partners LLC grew its position in shares of 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 purchasing an additional 52,358 shares in the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NYSE NXN traded down $0.01 during midday trading on Monday, hitting $11.84. 5,390 shares of the stock traded hands, compared to its average volume of 11,737. The firm has a 50-day moving average of $11.62 and a two-hundred day moving average of $11.83. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $10.98 and a one year 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 Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.042 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 4.26%.

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.