Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Grows By 24.6%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 23,300 shares, an increase of 24.6% from the October 15th total of 18,700 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is presently 2.9 days.

Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio

A number of institutional investors have recently made changes to their positions in the company. Stifel Financial Corp grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% in the third quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock valued at $266,000 after purchasing an additional 6,421 shares in the last quarter. Wolverine Asset Management LLC raised its position in Nuveen New York Select Tax-Free Income Portfolio by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock valued at $592,000 after purchasing an additional 2,874 shares during the period. Breakwater Capital Group boosted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 60.1% in the second quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock valued at $447,000 after purchasing an additional 14,338 shares during the period. OMNI 360 Wealth Inc. purchased a new position in Nuveen New York Select Tax-Free Income Portfolio in the second quarter valued at $146,000. Finally, Opal Wealth Advisors LLC acquired a new position in Nuveen New York Select Tax-Free Income Portfolio during the 2nd quarter worth approximately $106,000.

Nuveen New York Select Tax-Free Income Portfolio Stock Down 0.2 %

Shares of Nuveen New York Select Tax-Free Income Portfolio stock traded down $0.03 on Friday, reaching $11.88. The company’s stock had a trading volume of 6,291 shares, compared to its average volume of 9,540. Nuveen New York Select Tax-Free Income Portfolio has a 52-week low of $11.04 and a 52-week high of $12.40. The stock has a 50-day moving average price of $12.05 and a 200-day moving average price of $11.85.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 annualized dividend and a dividend yield of 4.24%.

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.