Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Down 65.8% in December

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 3,800 shares, a drop of 65.8% from the November 30th total of 11,100 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NXN stock remained flat at $11.31 during trading on Friday. 30,138 shares of the stock were exchanged, compared to its average volume of 9,572. Nuveen New York Select Tax-Free Income Portfolio has a twelve month low of $10.98 and a twelve month high of $12.40. The firm’s 50 day moving average is $11.84 and its two-hundred day moving average is $11.85.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nuveen New York Select Tax-Free Income Portfolio stock. Stifel Financial Corp grew its holdings in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 41.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,883 shares of the company’s stock after buying an additional 6,421 shares during the period. Stifel Financial Corp’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $266,000 at the end of the most recent 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.