Short Interest in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Declines By 42.3%

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 49,200 shares, a decline of 42.3% from the February 13th total of 85,300 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen Select Tax-Free Income Portfolio

A number of hedge funds have recently modified their holdings of the company. Truist Financial Corp increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 2.2% in the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider's stock valued at $919,000 after acquiring an additional 1,300 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at about $27,000. Janney Montgomery Scott LLC increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 5.6% in the fourth 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 period. Icon Wealth Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the third quarter valued at about $32,000. Finally, Breakwater Capital Group increased its position in shares of 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 valued at $675,000 after acquiring an additional 2,200 shares during the period. Hedge funds and other institutional investors own 16.17% of the company's stock.

Remove Ads

Nuveen Select Tax-Free Income Portfolio Stock Performance

Nuveen Select Tax-Free Income Portfolio stock traded up $0.01 during mid-day trading on Tuesday, hitting $14.34. The company's stock had a trading volume of 72,873 shares, compared to its average volume of 84,683. The business has a 50 day moving average price of $14.75 and a 200-day moving average price of $14.83. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $13.79 and a 12 month high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Select Tax-Free Income Portfolio Company Profile

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.