Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Sees Large Decline in Short Interest

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 9,500 shares, a decrease of 20.8% from the May 31st total of 12,000 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is presently 1.1 days.

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

Large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $182,000. Williams Jones Wealth Management LLC. acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio during the first quarter valued at approximately $175,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 4.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 34,693 shares of the company’s stock valued at $404,000 after acquiring an additional 1,623 shares during the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

NYSE NXN traded up $0.08 during trading hours on Friday, reaching $11.70. The company’s stock had a trading volume of 8,000 shares, compared to its average volume of 7,228. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.64 and a 1-year high of $12.45. The company’s 50-day moving average is $11.70 and its two-hundred day moving average is $11.72.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.041 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.49 dividend on an annualized basis and a yield of 4.21%.

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.