Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Update

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 66,100 shares, an increase of 63.6% from the April 30th total of 40,400 shares. Based on an average daily volume of 117,800 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NYSE:NXP traded down $0.06 during mid-day trading on Monday, hitting $14.01. 105,889 shares of the stock were exchanged, compared to its average volume of 93,574. The firm's 50-day simple moving average is $14.00 and its 200 day simple moving average is $14.48. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.30 and a fifty-two week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced 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 4.45%. The ex-dividend date of this dividend is Thursday, May 15th.

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

A number of institutional investors have recently modified their holdings of NXP. Global Retirement Partners LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth about $27,000. NBC Securities Inc. grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 199,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,995 shares of the financial services provider's stock worth $28,000 after purchasing an additional 1,994 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Nuveen Select Tax-Free Income Portfolio during the first quarter worth approximately $37,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $47,000. Finally, Elequin Capital LP acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter valued at approximately $84,000. Institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Company Profile

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.