Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Down 42.3% in February

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 49,200 shares, a decrease of 42.3% from the February 13th total of 85,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 91,600 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP stock traded down $0.01 on Friday, hitting $14.42. The stock had a trading volume of 108,631 shares, compared to its average volume of 84,598. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25. The stock’s 50 day moving average is $14.76 and its 200-day moving average is $14.84.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.052 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.33%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NXP. Icon Wealth Advisors LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the third quarter worth approximately $32,000. B. Riley Wealth Advisors Inc. grew its holdings in Nuveen Select Tax-Free Income Portfolio by 70.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 36,543 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 15,046 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 8.2% in the fourth quarter. AdvisorNet Financial Inc now owns 56,960 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 4,325 shares during the last quarter. Breakwater Capital Group grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 5.2% in the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock worth $675,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock worth $14,489,000 after acquiring an additional 298,219 shares during the last quarter. Institutional investors own 16.17% of the company’s stock.

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.