Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Down 19.5% in July

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 24,000 shares, a decrease of 19.5% from the July 15th total of 29,800 shares. Based on an average trading volume of 80,800 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.1 %

NYSE:NXP traded down $0.01 during trading hours on Thursday, reaching $14.73. 58,102 shares of the company’s stock were exchanged, compared to its average volume of 77,261. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $12.91 and a 1-year high of $15.25. The company has a 50-day moving average of $14.57 and a 200 day moving average of $14.44.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.052 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.24%.

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

A number of large investors have recently bought and sold shares of NXP. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 10.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider’s stock valued at $7,881,000 after acquiring an additional 50,727 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Nuveen Select Tax-Free Income Portfolio by 0.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 510,922 shares of the financial services provider’s stock valued at $7,378,000 after purchasing an additional 2,088 shares in the last quarter. Stephens Inc. AR boosted its holdings in Nuveen Select Tax-Free Income Portfolio by 2.7% in the 4th quarter. Stephens Inc. AR now owns 476,194 shares of the financial services provider’s stock valued at $7,038,000 after purchasing an additional 12,300 shares in the last quarter. Van ECK Associates Corp increased its position in Nuveen Select Tax-Free Income Portfolio by 15.3% during the 4th quarter. Van ECK Associates Corp now owns 257,980 shares of the financial services provider’s stock worth $3,813,000 after purchasing an additional 34,173 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 10.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 215,138 shares of the financial services provider’s stock worth $3,107,000 after buying an additional 19,733 shares in the last quarter. Hedge funds and other institutional investors own 16.17% of the company’s stock.

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.