Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Update

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 59,400 shares, a drop of 18.9% from the January 15th total of 73,200 shares. Based on an average daily trading volume, of 91,300 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.4 %

Nuveen Select Tax-Free Income Portfolio stock traded up $0.06 on Wednesday, reaching $14.68. 111,635 shares of the stock were exchanged, compared to its average volume of 87,620. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.79 and a twelve month high of $15.25. The firm has a fifty day moving average price of $14.84 and a two-hundred day moving average price of $14.86.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.052 per share. The ex-dividend date is Friday, February 14th. This represents a $0.62 annualized dividend and a yield of 4.25%.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth $27,000. Icon Wealth Advisors LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at $32,000. Flagship Wealth Advisors LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth $47,000. Sanctuary Advisors LLC bought a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth about $161,000. Finally, Visionary Horizons LLC raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% during the fourth quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider's stock valued at $251,000 after buying an additional 2,895 shares during the last quarter. Institutional investors and hedge funds own 16.17% of the company's stock.

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.