Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Up 247.4% in December

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 13,200 shares, a growth of 247.4% from the December 15th total of 3,800 shares. Based on an average trading volume of 15,400 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nuveen New York Select Tax-Free Income Portfolio stock. Stifel Financial Corp raised its position in shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 41.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,883 shares of the company’s stock after purchasing an additional 6,421 shares during the quarter. Stifel Financial Corp’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $266,000 as of its most recent SEC filing.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

NYSE:NXN opened at $11.56 on Tuesday. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $10.98 and a one year high of $12.40. The business has a fifty day moving average price of $11.71 and a 200-day moving average price of $11.83.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Wednesday, January 15th.

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.