Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Short Interest Up 43.6% in February

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 85,300 shares, a growth of 43.6% from the January 31st total of 59,400 shares. Based on an average trading volume of 91,900 shares, the short-interest ratio is currently 0.9 days.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.5 %

Shares of NYSE:NXP traded down $0.08 during trading on Tuesday, hitting $14.67. 55,737 shares of the company were exchanged, compared to its average volume of 84,711. The firm’s 50 day moving average price is $14.83 and its 200-day moving average price is $14.86. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $13.79 and a 12-month high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $27,000. Icon Wealth Advisors LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio during the 3rd quarter worth $32,000. Flagship Wealth Advisors LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth $47,000. Visionary Horizons LLC increased its stake in Nuveen Select Tax-Free Income Portfolio by 21.2% in the fourth quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 2,895 shares during the period. Finally, Summit Financial Wealth Advisors LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at about $316,000. 16.17% of the stock is owned by hedge funds and other institutional investors.

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.