Nuveen Sl Tfip (NYSE:NXP) Shares Shorted: Short Interest Down 67.1% in October

Key Points

• Short interest fell 67.1% in October to 49,779 shares, representing just 0.1% of NXP’s outstanding shares and a days-to-cover ratio of 0.1.
• Insider Young L. Robert purchased 22,848 shares at an average price of $13.15, while institutional investors and hedge funds own 16.17% of the fund.
• NXP shares recently traded at $13.42, and the fund announced a monthly dividend of $0.0535 per share, equal to a 4.8% annualized yield.

Nuveen Sl Tfip (NYSE:NXP - Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 49,779 shares, a drop of 67.1% from the September 30th total of 151,135 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 357,599 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity at Nuveen Sl Tfip

In other Nuveen Sl Tfip news, insider Young L. Robert acquired 22,848 shares of the business's stock in a transaction on Friday, October 23rd. The stock was purchased at an average price of $13.15 per share, for a total transaction of $300,451.20. Following the completion of the transaction, the insider owned 22,848 shares of the company's stock, valued at $300,451.20. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tiller Private Wealth Inc. grew its stake in Nuveen Sl Tfip by 15.4% in the 3rd quarter. Tiller Private Wealth Inc. now owns 45,882 shares of the financial services provider's stock valued at $616,000 after acquiring an additional 6,117 shares during the last quarter. Curry Webb Wealth Management LLC acquired a new position in Nuveen Sl Tfip in the 3rd quarter valued at $32,000. Pinnacle Associates Ltd. boosted its stake in Nuveen Sl Tfip by 11.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 33,985 shares of the financial services provider's stock worth $456,000 after buying an additional 3,485 shares during the last quarter. Redwood Family Wealth LLC boosted its position in shares of Nuveen Sl Tfip by 5.3% in the third quarter. Redwood Family Wealth LLC now owns 14,913 shares of the financial services provider's stock worth $200,000 after acquiring an additional 751 shares during the last quarter. Finally, WealthBridge Capital Management LLC boosted its position in shares of Nuveen Sl Tfip by 5.7% in the third quarter. WealthBridge Capital Management LLC now owns 19,115 shares of the financial services provider's stock worth $257,000 after buying an additional 1,023 shares during the period. 16.17% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Sl Tfip Price Performance

Shares of NYSE NXP traded up $0.14 during trading on Thursday, hitting $13.42. 289,686 shares of the company were exchanged, compared to its average volume of 352,143. Nuveen Sl Tfip has a 1 year low of $12.87 and a 1 year high of $14.59. The firm's fifty day moving average price is $13.53 and its 200 day moving average price is $14.10.

Nuveen Sl Tfip Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0535 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.64 annualized dividend and a dividend yield of 4.8%.

About Nuveen Sl Tfip

Nuveen Select Tax-Free Income Portfolio NYSE: NXP is a closed-end investment company managed by Nuveen, the investment management business of TIAA. The portfolio seeks to provide current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, and other governmental entities in the United States. Its holdings may include a range of tax-exempt bonds, including securities with varying maturities, credit qualities, and structures.

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