Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Update

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 14,800 shares, a decline of 36.5% from the October 31st total of 23,300 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 1.7 days.

Nuveen New York Select Tax-Free Income Portfolio Trading Up 0.5 %

NYSE:NXN traded up $0.06 during mid-day trading on Thursday, hitting $11.82. The company had a trading volume of 8,847 shares, compared to its average volume of 8,515. Nuveen New York Select Tax-Free Income Portfolio has a fifty-two week low of $11.04 and a fifty-two week high of $12.40. The business’s fifty day moving average is $12.01 and its two-hundred day moving average is $11.85.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On Nuveen New York Select Tax-Free Income Portfolio

Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC increased its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock valued at $592,000 after buying an additional 2,874 shares in the last quarter. Breakwater Capital Group grew its stake in 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 acquiring an additional 14,338 shares during the period. 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 worth $266,000 after acquiring an additional 6,421 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the second quarter worth about $146,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the 2nd quarter valued at about $106,000.

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.