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 - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,900 shares, anincreaseof111.9% from the July 15th total of 4,200 shares. Currently,0.1% of the company's shares are short sold. Based on an average daily volume of 11,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 11,000 shares, the short-interest ratio is currently 0.8 days. Currently,0.1% of the company's shares are short sold.

Nuveen New York Select Tax-Free Income Portfolio Trading Up 0.6%

NXN stock traded up $0.07 during trading on Friday, hitting $11.71. The company had a trading volume of 3,212 shares, compared to its average volume of 11,271. 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 company has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $11.59.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

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

Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio

A number of large investors have recently modified their holdings of the company. Guggenheim Capital LLC grew its stake in Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company's stock worth $624,000 after purchasing an additional 6,457 shares in the last quarter. Logan Stone Capital LLC bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter worth $197,000. Opal Wealth Advisors LLC bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter worth $107,000. OMNI 360 Wealth Inc. grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.0% during the 1st 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. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter worth $230,000.

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.