Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Significant Decrease in Short Interest

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 49,200 shares, a drop 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 trading volume, of 91,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Several hedge funds have recently made changes to their positions in the business. Truist Financial Corp lifted its position 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 worth $919,000 after purchasing an additional 1,300 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $27,000. Janney Montgomery Scott LLC raised its holdings in 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 in the last quarter. Icon Wealth Advisors LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at approximately $32,000. Finally, Breakwater Capital Group raised its holdings 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 valued at $675,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Trading Down 0.1 %

NXP stock traded down $0.01 during mid-day trading on Friday, hitting $14.42. 108,631 shares of the company were exchanged, compared to its average volume of 84,598. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $13.79 and a 12-month high of $15.25. The business has a fifty day simple moving average of $14.76 and a 200-day simple moving average of $14.84.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.33%.

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.