Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Decreases By 60.0%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,400 shares, a drop of 60.0% from the January 31st total of 3,500 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 0.1 days.

Nuveen New York Select Tax-Free Income Portfolio Trading Down 0.0 %

NXN opened at $11.85 on Friday. The firm has a 50-day moving average price of $11.62 and a 200-day moving average price of $11.83. Nuveen New York Select Tax-Free Income Portfolio has a twelve month low of $10.98 and a twelve month high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.042 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.50 annualized dividend and a dividend yield of 4.25%.

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

Several large investors have recently modified their holdings of NXN. Logan Stone Capital LLC purchased a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the fourth quarter worth about $197,000. Stifel Financial Corp boosted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% in the third quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock valued at $266,000 after acquiring an additional 6,421 shares during the period. Breakwater Capital Group boosted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% in the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock valued at $467,000 after acquiring an additional 5,470 shares during the period. Wolverine Asset Management LLC boosted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% in the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock valued at $522,000 after acquiring an additional 9,850 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock valued at $624,000 after acquiring an additional 6,457 shares during the period.

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.