Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Grows By 247.4%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 13,200 shares, an increase of 247.4% from the December 15th total of 3,800 shares. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.9 days.

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

An institutional investor recently raised its position in Nuveen New York Select Tax-Free Income Portfolio stock. Breakwater Capital Group grew its position in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,133 shares of the company’s stock after acquiring an additional 5,470 shares during the quarter. Breakwater Capital Group’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $467,000 as of its most recent SEC filing.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NXN opened at $11.58 on Thursday. Nuveen New York Select Tax-Free Income Portfolio has a 12 month low of $10.98 and a 12 month high of $12.40. The stock’s 50 day moving average is $11.69 and its two-hundred day moving average is $11.83.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 4.35%. The ex-dividend date is Wednesday, January 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.