Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Expands By 24.6%

by · The Cerbat Gem

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN – Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 23,300 shares, an increase of 24.6% from the October 15th total of 18,700 shares. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is presently 2.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NXN. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the second quarter valued at approximately $106,000. OMNI 360 Wealth Inc. acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the second quarter valued at approximately $146,000. Stifel Financial Corp increased its holdings 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 purchasing an additional 6,421 shares during the period. Breakwater Capital Group increased its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 60.1% in the second quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock valued at $447,000 after purchasing an additional 14,338 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock valued at $592,000 after purchasing an additional 2,874 shares during the period.

Nuveen New York Select Tax-Free Income Portfolio Trading Down 0.2 %

NXN traded down $0.03 during trading on Friday, hitting $11.88. 6,291 shares of the stock were exchanged, compared to its average volume of 9,540. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $11.04 and a 1-year high of $12.40. The stock has a fifty day moving average price of $12.05 and a two-hundred day moving average price of $11.85.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, November 15th.

About Nuveen New York Select Tax-Free Income Portfolio

(Get Free Report)

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.

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