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

Key Points

• Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) experienced a notable increase in short interest, rising by 111.9% to 8,900 shares as of July 31st, indicating heightened bearish sentiment.
• The company will pay a monthly dividend of $0.042 per share on September 2nd, which results in an annualized dividend yield of 4.3%.
• Several institutional investors increased their stakes in the fund, with Guggenheim Capital LLC boosting its position by 20.1% during the second quarter.

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - ) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 8,900 shares, agrowthof111.9% from the July 15th total of 4,200 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 0.8 days.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NYSE:NXN traded down $0.09 on Friday, hitting $11.65. 15,054 shares of the company traded hands, compared to its average volume of 11,574. Nuveen New York Select Tax-Free Income Portfolio has a 52 week low of $10.98 and a 52 week high of $12.40. The stock has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $11.59.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 4.3%.

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

Institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC boosted its position in Nuveen New York Select Tax-Free Income Portfolio by 20.1% in the second quarter. Guggenheim Capital LLC now owns 76,674 shares of the company's stock worth $892,000 after purchasing an additional 12,839 shares during the last quarter. OMNI 360 Wealth Inc. raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the second quarter. OMNI 360 Wealth Inc. now owns 17,000 shares of the company's stock worth $198,000 after buying an additional 2,000 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the first quarter worth about $230,000. Opal Wealth Advisors LLC bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the first quarter worth about $107,000. Finally, Logan Stone Capital LLC bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the fourth quarter worth about $197,000.

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.

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