Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,600 shares, a decline of 67.5% from the March 31st total of 8,000 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company's stock are short sold.
Nuveen New York Select Tax-Free Income Portfolio Stock Performance
Shares of NYSE NXN traded down $0.04 during mid-day trading on Friday, reaching $11.54. 3,437 shares of the company traded hands, compared to its average volume of 10,787. The company's fifty day moving average is $11.62 and its two-hundred day moving average is $11.70. Nuveen New York Select Tax-Free Income Portfolio has a fifty-two week low of $10.98 and a fifty-two week high of $12.40.
Nuveen New York Select Tax-Free Income Portfolio Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were paid a $0.042 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.37%.
Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OMNI 360 Wealth Inc. grew its position in Nuveen New York Select Tax-Free Income Portfolio by 20.0% during the first quarter. OMNI 360 Wealth Inc. now owns 15,000 shares of the company's stock worth $177,000 after buying an additional 2,500 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the first quarter valued at about $107,000. Logan Stone Capital LLC acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the fourth quarter worth approximately $197,000. 1607 Capital Partners LLC increased its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 23.7% in the 4th quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company's stock valued at $3,100,000 after buying an additional 52,358 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the 4th quarter. Guggenheim Capital LLC now owns 55,020 shares of the company's stock worth $624,000 after purchasing an additional 6,457 shares during the last quarter.
About Nuveen New York Select Tax-Free Income Portfolio
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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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