Short Interest in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Decreases By 43.3%

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 30,300 shares, a decline of 43.3% from the March 31st total of 53,400 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 108,900 shares, the short-interest ratio is currently 0.3 days.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.1 %

NXP traded down $0.02 during trading hours on Friday, hitting $14.10. The company's stock had a trading volume of 115,162 shares, compared to its average volume of 92,470. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.30 and a fifty-two week high of $15.25. The company has a 50-day simple moving average of $14.16 and a 200 day simple moving average of $14.58.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Thursday, May 15th.

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

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth approximately $4,547,000. Hennion & Walsh Asset Management Inc. raised its holdings in Nuveen Select Tax-Free Income Portfolio by 45.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider's stock worth $14,489,000 after purchasing an additional 298,219 shares in the last quarter. Hirtle Callaghan & Co LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth approximately $958,000. Guggenheim Capital LLC increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 12.6% during the 4th quarter. Guggenheim Capital LLC now owns 527,231 shares of the financial services provider's stock valued at $7,988,000 after purchasing an additional 59,204 shares during the period. Finally, Broyhill Asset Management bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth $800,000. Institutional investors and hedge funds own 16.17% of the company's stock.

About Nuveen Select Tax-Free Income Portfolio

Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.