Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Short Interest Down 67.5% in April

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 2,600 shares, a drop of 67.5% from the March 31st total of 8,000 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio

Institutional investors have recently added to or reduced their stakes in the stock. 1607 Capital Partners LLC grew its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 23.7% in the fourth quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock valued at $3,100,000 after buying an additional 52,358 shares in the last quarter. Guggenheim Capital LLC grew its position in Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the 4th quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock valued at $624,000 after acquiring an additional 6,457 shares in the last quarter. Wolverine Asset Management LLC increased its stake in Nuveen New York Select Tax-Free Income Portfolio by 27.3% during the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock worth $522,000 after purchasing an additional 9,850 shares during the period. Breakwater Capital Group lifted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% during the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock worth $467,000 after purchasing an additional 5,470 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% in the third quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock valued at $266,000 after purchasing an additional 6,421 shares during the period.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Nuveen New York Select Tax-Free Income Portfolio stock opened at $11.50 on Friday. The firm has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $11.72. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.98 and a 1-year high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.042 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.38%.

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.