Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Down 14.6% in October

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 18,700 shares, a decline of 14.6% from the September 30th total of 21,900 shares. Based on an average trading volume of 8,300 shares, the days-to-cover ratio is currently 2.3 days.

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

Several institutional investors have recently added to or reduced their stakes in NXN. Opal Wealth Advisors LLC acquired a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the second quarter worth $106,000. OMNI 360 Wealth Inc. purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 2nd quarter valued at about $146,000. Williams Jones Wealth Management LLC. acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the first quarter valued at about $175,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 4.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 34,693 shares of the company’s stock worth $404,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Breakwater Capital Group lifted its holdings in shares of 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 worth $447,000 after purchasing an additional 14,338 shares during the period.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

Shares of NXN stock traded down $0.03 during trading hours on Tuesday, reaching $11.90. 14,513 shares of the company’s stock were exchanged, compared to its average volume of 8,312. Nuveen New York Select Tax-Free Income Portfolio has a fifty-two week low of $10.64 and a fifty-two week high of $12.40. The stock’s 50 day moving average is $12.03 and its 200-day moving average is $11.82.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.042 per share. This represents a $0.50 annualized dividend and a yield of 4.24%. The ex-dividend date is Tuesday, October 15th.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

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.