Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Significant Increase in Short Interest

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 58,700 shares, an increase of 19.3% from the February 28th total of 49,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 92,700 shares, the short-interest ratio is presently 0.6 days.

Nuveen Select Tax-Free Income Portfolio Trading Down 0.3 %

NXP traded down $0.05 on Wednesday, reaching $14.35. The company had a trading volume of 96,082 shares, compared to its average volume of 85,718. The business has a 50 day simple moving average of $14.64 and a 200 day simple moving average of $14.78. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

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

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

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp increased its stake in shares of Nuveen Select Tax-Free Income Portfolio by 2.2% during the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock valued at $919,000 after buying an additional 1,300 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $27,000. Janney Montgomery Scott LLC raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 5.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,529 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 1,900 shares in the last quarter. Breakwater Capital Group lifted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 5.2% in the 4th quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 2,200 shares during the period. Finally, Visionary Horizons LLC boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% during 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 in the last quarter. Institutional investors own 16.17% of the company’s stock.

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.