Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Up 247.4% in January

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 13,200 shares, an increase of 247.4% from the December 31st total of 3,800 shares. Based on an average trading volume of 15,400 shares, the days-to-cover ratio is presently 0.9 days.

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

Shares of Nuveen New York Select Tax-Free Income Portfolio stock traded down $0.01 during trading on Wednesday, hitting $11.58. The company’s stock had a trading volume of 5,035 shares, compared to its average volume of 14,805. The company has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $11.82. Nuveen New York Select Tax-Free Income Portfolio has a 52 week low of $10.98 and a 52 week high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.042 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.50 annualized dividend and a dividend yield of 4.35%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nuveen New York Select Tax-Free Income Portfolio stock. Stifel Financial Corp increased its holdings in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 41.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,883 shares of the company’s stock after acquiring an additional 6,421 shares during the quarter. Stifel Financial Corp’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.