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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 58,700 shares, a growth of 19.3% from the February 28th total of 49,200 shares. Based on an average daily volume of 92,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NYSE:NXP traded down $0.01 on Thursday, reaching $14.36. The stock had a trading volume of 61,615 shares, compared to its average volume of 85,656. The company has a 50-day moving average of $14.63 and a 200 day moving average of $14.77. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.35%.

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

A number of institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth $27,000. Flagship Wealth Advisors LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth about $47,000. Visionary Horizons LLC raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% in the 4th 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 in the last quarter. Summit Financial Wealth Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter valued at about $316,000. Finally, Concurrent Investment Advisors LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 103.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 26,351 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 13,382 shares in the last quarter. 16.17% of the stock is owned by institutional investors and hedge funds.

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.