Short Interest in Nuveen Sl Tfip (NYSE:NXP) Decreases By 46.8%

Nuveen Sl Tfip (NYSE:NXP) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 34,859 shares, a drop of 46.8% from the May 31st total of 65,498 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 125,842 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Nuveen Sl Tfip

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Nuveen Sl Tfip by 116.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,857 shares of the financial services provider’s stock valued at $56,000 after buying an additional 2,079 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Nuveen Sl Tfip in the third quarter valued at about $58,000. Bayban bought a new stake in Nuveen Sl Tfip during the fourth quarter valued at approximately $62,000. International Assets Investment Management LLC bought a new position in shares of Nuveen Sl Tfip during the 4th quarter valued at about $73,000. Finally, Hilltop Holdings Inc. purchased a new stake in Nuveen Sl Tfip during the 1st quarter valued at about $149,000. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Sl Tfip Trading Up 0.5%

Shares of Nuveen Sl Tfip stock traded up $0.07 during trading on Thursday, hitting $14.41. 172,711 shares of the company were exchanged, compared to its average volume of 153,491. Nuveen Sl Tfip has a fifty-two week low of $13.73 and a fifty-two week high of $14.65. The firm has a 50 day moving average price of $14.25 and a 200 day moving average price of $14.26.

Nuveen Sl Tfip Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Sl Tfip Company Profile

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. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average.