Short Interest in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Increases By 55.8%

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 33,500 shares, a growth of 55.8% from the September 30th total of 21,500 shares. Based on an average daily volume of 83,400 shares, the short-interest ratio is currently 0.4 days.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.1 %

Nuveen Select Tax-Free Income Portfolio stock traded up $0.02 during trading hours on Friday, hitting $14.87. The company had a trading volume of 62,655 shares, compared to its average volume of 78,488. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.00 and a fifty-two week high of $15.25. The firm’s fifty day moving average is $14.99 and its 200-day moving average is $14.60.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.052 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.62 annualized dividend and a dividend yield of 4.20%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 27.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 658,181 shares of the financial services provider’s stock valued at $9,945,000 after buying an additional 143,447 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 1,422.3% during the 3rd quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock worth $1,228,000 after acquiring an additional 75,920 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 2nd quarter valued at about $161,000. Truist Financial Corp raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 4.9% in the 2nd quarter. Truist Financial Corp now owns 58,584 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 2,715 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 101.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 21,497 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 10,824 shares in the last quarter. 16.17% of the stock is owned by institutional investors and hedge funds.

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.