Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Declines By 25.0%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 11,100 shares, a decline of 25.0% from the November 15th total of 14,800 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 1.2 days.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

NXN traded down $0.07 during trading on Friday, hitting $11.69. 12,726 shares of the company traded hands, compared to its average volume of 8,741. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $11.04 and a one year high of $12.40. The stock’s fifty day moving average is $11.95 and its 200 day moving average is $11.86.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, December 13th.

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

Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC increased its holdings in Nuveen New York Select Tax-Free Income Portfolio by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 50,556 shares of the company’s stock worth $592,000 after acquiring an additional 2,874 shares during the last quarter. Breakwater Capital Group lifted its holdings in Nuveen New York Select Tax-Free Income Portfolio by 60.1% during 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 last quarter. Stifel Financial Corp boosted its position in Nuveen New York Select Tax-Free Income Portfolio by 41.5% during the third quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock worth $266,000 after purchasing an additional 6,421 shares during the period. Finally, OMNI 360 Wealth Inc. purchased a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the second quarter worth about $146,000.

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.