Nuveen Select Tax-Free Income Portfolio 2 (NXQ) Short Interest Ratio & Short Volume

Short interest is the volume of Nuveen Select Tax-Free Income Portfolio 2 shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 6,500 shares of NXQ short. Learn More on Nuveen Select Tax-Free Income Portfolio 2's current short interest.

Nuveen Select Tax-Free Income Portfolio 2 saw a decline in short interest in November. As of November 15th, there was short interest totaling 6,500 shares, a decline of 52.6% from the previous total of 13,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to Nuveen Select Tax-Free Income Portfolio 2: West Bancorporation, Inc. (1.92%), BlackRock Capital Investment Co. (0.17%), Unity Bancorp, Inc. (1.39%), Capital Bancorp, Inc. (0.47%), Fidelity D & D Bancorp, Inc. (1.07%), Orrstown Financial Services, Inc. (1.23%), LexinFintech Holdings Ltd. (0.45%), PIMCO Strategic Income Fund, Inc. (0.02%), NewtekOne, Inc. (7.57%), First Internet Bancorp (1.19%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($11.06 billion), S&P Global Inc. ($8.74 billion), Charter Communications, Inc. ($5.66 billion), Canadian Pacific Kansas City Limited ($5.43 billion), Wayfair Inc. ($4.23 billion), Palo Alto Networks, Inc. ($3.46 billion), DoorDash, Inc. ($3.41 billion), Teladoc Health, Inc. ($2.84 billion), Etsy, Inc. ($2.76 billion), and Zscaler, Inc. ($2.62 billion). View all of the most shorted stocks.

Short selling NXQ is an investing strategy that aims to generate trading profit from Nuveen Select Tax-Free Income Portfolio 2 as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Nuveen Select Tax-Free Income Portfolio 2 occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of NXQ, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NXQ, twice per month. The most recent reporting period available is November, 15 2021.