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

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

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

Shares of NXN stock remained flat at $11.31 during midday trading on Friday. 30,138 shares of the company traded hands, compared to its average volume of 9,572. The firm has a 50 day moving average price of $11.84 and a 200 day moving average price of $11.85. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.98 and a 1-year high of $12.40.

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. Shareholders of record on Friday, December 13th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.50 annualized dividend and a yield of 4.46%.

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

A hedge fund recently raised its stake in Nuveen New York Select Tax-Free Income Portfolio stock. Wolverine Asset Management LLC boosted its position in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,556 shares of the company’s stock after purchasing an additional 2,874 shares during the quarter. Wolverine Asset Management LLC’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $592,000 at the end of the most recent reporting 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.