Short Interest in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Declines By 34.0%

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 26,800 shares, a drop of 34.0% from the March 31st total of 40,600 shares. Based on an average daily volume of 80,100 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Nuveen Select Tax-Free Income Portfolio

Several large investors have recently bought and sold shares of the stock. NBC Securities Inc. bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 3rd quarter worth $26,000. Wolverine Asset Management LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 3rd quarter worth $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth $78,000. Tyche Wealth Partners LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth $151,000. Finally, Capital Advisors Wealth Management LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 1st quarter worth $151,000. 16.17% of the stock is currently owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Price Performance

NYSE:NXP traded up $0.02 during trading hours on Friday, hitting $13.98. 45,193 shares of the company traded hands, compared to its average volume of 87,872. The firm's 50-day simple moving average is $14.41 and its 200-day simple moving average is $14.28. Nuveen Select Tax-Free Income Portfolio has a one year low of $12.91 and a one year high of $14.89.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0485 per share. This represents a $0.58 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, April 12th.

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.

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