Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Declines By 44.4%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 6,000 shares, a decrease of 44.4% from the February 29th total of 10,800 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen New York Select Tax-Free Income Portfolio Trading Up 0.3 %

Shares of Nuveen New York Select Tax-Free Income Portfolio stock traded up $0.03 during trading hours on Thursday, reaching $11.71. The company’s stock had a trading volume of 4,286 shares, compared to its average volume of 9,019. The company’s 50 day simple moving average is $11.75 and its 200 day simple moving average is $11.55. Nuveen New York Select Tax-Free Income Portfolio has a one year low of $10.64 and a one year high of $12.45.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.041 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Thursday, March 14th.

Hedge Funds Weigh In On Nuveen New York Select Tax-Free Income Portfolio

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 12,000 shares of the company’s stock valued at $139,000 after buying an additional 2,024 shares during the last quarter. UBS Group AG boosted its position in Nuveen New York Select Tax-Free Income Portfolio by 76.1% during the 2nd quarter. UBS Group AG now owns 12,191 shares of the company’s stock valued at $142,000 after buying an additional 5,267 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 10.0% during the third quarter. Commonwealth Equity Services LLC now owns 14,548 shares of the company’s stock worth $161,000 after purchasing an additional 1,327 shares during the period. Stifel Financial Corp lifted its stake in Nuveen New York Select Tax-Free Income Portfolio by 25.3% in the first quarter. Stifel Financial Corp now owns 14,662 shares of the company’s stock worth $177,000 after acquiring an additional 2,958 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter valued at about $182,000.

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.