Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Up 247.4% in January

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 13,200 shares, an increase of 247.4% from the December 31st total of 3,800 shares. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 0.9 days.

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

A hedge fund recently raised its stake in Nuveen New York Select Tax-Free Income Portfolio stock. Breakwater Capital Group raised its position in shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,133 shares of the company’s stock after buying an additional 5,470 shares during the period. Breakwater Capital Group’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $467,000 at the end of the most recent reporting period.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of Nuveen New York Select Tax-Free Income Portfolio stock traded down $0.01 during trading on Wednesday, reaching $11.58. The company’s stock had a trading volume of 5,035 shares, compared to its average volume of 14,805. Nuveen New York Select Tax-Free Income Portfolio has a 52-week low of $10.98 and a 52-week high of $12.40. The firm’s 50-day moving average is $11.64 and its two-hundred day moving average is $11.82.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.35%.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York 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 New York. The fund invests in the securities of companies that operate across diversified sectors.