Short Interest in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Grows By 55.8%

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 33,500 shares, a growth of 55.8% from the September 30th total of 21,500 shares. Based on an average daily trading volume, of 83,400 shares, the short-interest ratio is presently 0.4 days.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.1 %

NXP traded up $0.02 on Friday, hitting $14.87. 62,655 shares of the company traded hands, compared to its average volume of 78,488. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $13.00 and a 12-month high of $15.25. The company has a 50 day moving average of $14.99 and a 200-day moving average of $14.60.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Several hedge funds have recently modified their holdings of NXP. International Assets Investment Management LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the 2nd quarter valued at approximately $77,000. Wolverine Asset Management LLC lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 19.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 5,305 shares of the financial services provider's stock valued at $77,000 after buying an additional 848 shares during the period. Lynx Investment Advisory purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $85,000. Rothschild Investment LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio during the second quarter worth $126,000. Finally, Sanctuary Advisors LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter worth $161,000. 16.17% of the stock is owned by institutional investors and hedge funds.

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.