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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 33,500 shares, a growth of 55.8% from the September 30th total of 21,500 shares. Based on an average daily trading volume, of 83,400 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP traded down $0.13 during trading hours on Tuesday, hitting $14.69. The company had a trading volume of 75,156 shares, compared to its average volume of 78,525. The firm has a fifty day moving average price of $14.98 and a 200-day moving average price of $14.61. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.16 and a 52-week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.052 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.62 annualized dividend and a yield of 4.25%.

Institutional Investors Weigh In On Nuveen Select Tax-Free Income Portfolio

Institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 27.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 658,181 shares of the financial services provider’s stock valued at $9,945,000 after purchasing an additional 143,447 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Nuveen Select Tax-Free Income Portfolio by 26.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 136,906 shares of the financial services provider’s stock worth $1,977,000 after buying an additional 28,516 shares in the last quarter. International Assets Investment Management LLC raised its position in Nuveen Select Tax-Free Income Portfolio by 1,422.3% in the 3rd quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 75,920 shares during the last quarter. Truist Financial Corp lifted its stake in Nuveen Select Tax-Free Income Portfolio by 4.9% during the 2nd quarter. Truist Financial Corp now owns 58,584 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 2,715 shares during the period. Finally, Silver Lake Advisory LLC bought a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter valued at about $631,000. Hedge funds and other 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.