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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 32,200 shares, a growth of 20.1% from the April 15th total of 26,800 shares. Based on an average daily trading volume, of 77,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 6.5% during the 3rd quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider's stock valued at $21,001,000 after acquiring an additional 96,024 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 10.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider's stock valued at $7,881,000 after buying an additional 50,727 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Nuveen Select Tax-Free Income Portfolio by 0.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 510,922 shares of the financial services provider's stock valued at $7,378,000 after purchasing an additional 2,088 shares during the last quarter. Stephens Inc. AR increased its holdings in Nuveen Select Tax-Free Income Portfolio by 2.7% in the 4th quarter. Stephens Inc. AR now owns 476,194 shares of the financial services provider's stock valued at $7,038,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Nuveen Select Tax-Free Income Portfolio by 10.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 354,909 shares of the financial services provider's stock valued at $4,720,000 after purchasing an additional 32,460 shares during the last quarter. Hedge funds and other institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NYSE:NXP traded up $0.05 during mid-day trading on Wednesday, reaching $14.43. The stock had a trading volume of 106,883 shares, compared to its average volume of 74,249. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $12.91 and a 1 year high of $14.89. The business's 50 day moving average price is $14.34 and its 200 day moving average price is $14.37.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.0485 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.58 dividend on an annualized basis and a yield of 4.03%.

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.

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