Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Up 19.3% in March

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 58,700 shares, a growth of 19.3% from the February 28th total of 49,200 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 92,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Several institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 2.2% during the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider's stock valued at $919,000 after buying an additional 1,300 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the 4th quarter valued at $27,000. Janney Montgomery Scott LLC grew its position in Nuveen Select Tax-Free Income Portfolio by 5.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,529 shares of the financial services provider's stock valued at $538,000 after acquiring an additional 1,900 shares during the last quarter. Breakwater Capital Group increased its stake in Nuveen Select Tax-Free Income Portfolio by 5.2% in the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider's stock worth $675,000 after purchasing an additional 2,200 shares during the period. Finally, Visionary Horizons LLC increased its stake in Nuveen Select Tax-Free Income Portfolio by 21.2% in the fourth quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider's stock worth $251,000 after purchasing an additional 2,895 shares during the period. Institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Trading Down 1.2 %

NXP stock traded down $0.17 during mid-day trading on Monday, reaching $13.99. 210,144 shares of the stock traded hands, compared to its average volume of 86,327. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.79 and a one year high of $15.25. The business has a 50-day moving average price of $14.59 and a two-hundred day moving average price of $14.75.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.62 annualized dividend and a yield of 4.46%.

About Nuveen Select Tax-Free Income Portfolio

Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.