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 20.8% increase in short interest in August, with total short interest reaching 12,800 shares by August 31st.
• A dividend of $0.042 will be paid on October 1st to shareholders of record as of September 15th, yielding approximately 4.2% annually.
• Recent movements by institutional investors included a new stake acquisition by Opal Wealth Advisors and a 20.0% increase in stake by OMNI 360 Wealth Inc. during the first quarter.

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - ) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,800 shares, an increase of 20.8% from the August 15th total of 10,600 shares. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 1.2 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the first quarter worth about $107,000. OMNI 360 Wealth Inc. raised its stake in 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 valued at $177,000 after acquiring an additional 2,500 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter worth approximately $230,000. Finally, Guggenheim Capital LLC grew its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.1% in the 2nd quarter. Guggenheim Capital LLC now owns 76,674 shares of the company's stock valued at $892,000 after purchasing an additional 12,839 shares during the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

Shares of NXN traded down $0.13 during mid-day trading on Thursday, reaching $11.93. 8,990 shares of the company's stock were exchanged, compared to its average volume of 10,009. The business's fifty day simple moving average is $11.66 and its 200-day simple moving average is $11.60. Nuveen New York Select Tax-Free Income Portfolio has a 52-week low of $10.98 and a 52-week high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.042 dividend. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.