Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Drops By 25.0%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 11,100 shares, a decline of 25.0% from the November 15th total of 14,800 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is presently 1.2 days.

Nuveen New York Select Tax-Free Income Portfolio Stock Down 0.1 %

NYSE NXN traded down $0.01 during trading on Friday, hitting $11.75. The stock had a trading volume of 924 shares, compared to its average volume of 8,690. The stock has a 50 day simple moving average of $11.96 and a 200 day simple moving average of $11.86. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $11.04 and a one year high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, December 13th.

Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio

Several institutional investors and hedge funds have recently made changes to their positions in the business. OMNI 360 Wealth Inc. purchased a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio in the second quarter valued at approximately $146,000. Stifel Financial Corp increased its stake 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 buying an additional 6,421 shares during the period. Breakwater Capital Group lifted its stake in Nuveen New York Select Tax-Free Income Portfolio by 60.1% in the second quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock worth $447,000 after acquiring an additional 14,338 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in Nuveen New York Select Tax-Free Income Portfolio by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock worth $592,000 after acquiring an additional 2,874 shares in the last quarter.

About Nuveen New York Select Tax-Free Income Portfolio

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.