Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Decreases By 15.8%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 8,000 shares, a drop of 15.8% from the March 15th total of 9,500 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

NYSE NXN traded down $0.03 on Monday, reaching $11.29. The stock had a trading volume of 1,453 shares, compared to its average volume of 11,689. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $10.98 and a 1 year high of $12.40. The business has a 50 day moving average price of $11.67 and a 200 day moving average price of $11.74.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, April 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 1607 Capital Partners LLC grew its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 23.7% during the 4th quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock worth $3,100,000 after purchasing an additional 52,358 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter worth approximately $197,000. Wolverine Asset Management LLC increased its holdings in Nuveen New York Select Tax-Free Income Portfolio by 27.3% in the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock valued at $522,000 after purchasing an additional 9,850 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio in the 1st quarter valued at approximately $107,000. Finally, Guggenheim Capital LLC increased its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock worth $624,000 after acquiring an additional 6,457 shares in the last quarter.

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.