Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Significant Drop in Short Interest

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 59,400 shares, a decrease of 18.9% from the January 15th total of 73,200 shares. Based on an average daily volume of 91,300 shares, the days-to-cover ratio is presently 0.7 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp boosted its stake in Nuveen Select Tax-Free Income Portfolio by 2.2% in the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock valued at $919,000 after acquiring an additional 1,300 shares during the last quarter. Global Retirement Partners LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $27,000. Janney Montgomery Scott LLC boosted its stake in Nuveen Select Tax-Free Income Portfolio by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,529 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 1,900 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at approximately $32,000. Finally, Breakwater Capital Group boosted its stake in Nuveen Select Tax-Free Income Portfolio by 5.2% in the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 2,200 shares during the last quarter. 16.17% of the stock is owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Price Performance

NXP opened at $14.82 on Monday. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.79 and a one year high of $15.25. The company’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $14.87.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.21%.

Nuveen Select Tax-Free Income Portfolio Company Profile

Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.