Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Sees Large Drop in Short Interest

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 6,000 shares, a decline of 44.4% from the February 29th total of 10,800 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is currently 0.6 days.

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

Several large investors have recently bought and sold shares of NXN. Advisor Group Holdings Inc. boosted its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 12,000 shares of the company’s stock valued at $139,000 after buying an additional 2,024 shares during the period. UBS Group AG grew its position in Nuveen New York Select Tax-Free Income Portfolio by 76.1% in the second quarter. UBS Group AG now owns 12,191 shares of the company’s stock valued at $142,000 after purchasing an additional 5,267 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Nuveen New York Select Tax-Free Income Portfolio by 10.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,548 shares of the company’s stock worth $161,000 after buying an additional 1,327 shares in the last quarter. Stifel Financial Corp grew its stake in Nuveen New York Select Tax-Free Income Portfolio by 25.3% in the first quarter. Stifel Financial Corp now owns 14,662 shares of the company’s stock valued at $177,000 after purchasing an additional 2,958 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter worth approximately $182,000.

Nuveen New York Select Tax-Free Income Portfolio Stock Up 0.3 %

NYSE NXN traded up $0.03 during trading hours on Thursday, reaching $11.71. 4,286 shares of the company’s stock were exchanged, compared to its average volume of 9,019. The firm has a fifty day moving average of $11.75 and a 200-day moving average of $11.55. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $10.64 and a one year high of $12.45.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $0.041 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.49 dividend on an annualized basis and a yield of 4.20%.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

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.