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

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 7,000 shares, a growth of 118.8% from the April 30th total of 3,200 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 11,000 shares, the short-interest ratio is presently 0.6 days.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

Shares of NXN traded up $0.07 during midday trading on Friday, hitting $11.54. The company had a trading volume of 3,237 shares, compared to its average volume of 11,100. The company's 50-day simple moving average is $11.54 and its 200-day simple moving average is $11.64. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $10.98 and a 1 year high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.042 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.50 annualized dividend and a yield of 4.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXN. Atria Wealth Solutions Inc. purchased a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio in the 1st quarter valued at approximately $230,000. OMNI 360 Wealth Inc. grew its stake in shares of 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 purchasing an additional 2,500 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the first quarter worth $107,000. Logan Stone Capital LLC purchased a new position in Nuveen New York Select Tax-Free Income Portfolio in the fourth quarter valued at $197,000. Finally, 1607 Capital Partners LLC raised its stake in Nuveen New York Select Tax-Free Income Portfolio by 23.7% in the fourth 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 in the last quarter.

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.