Nuveen Sl Tfip (NYSE:NXP) Stock Short Interest Report for September

Nuveen Sl Tfip (NYSE:NXP) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 151,135 shares, an increase of 370.9% from the September 15th total of 32,092 shares. Based on an average trading volume of 404,475 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Nuveen Sl Tfip Price Performance

NXP stock traded down $0.06 during trading on Monday, hitting $13.06. 292,443 shares of the company’s stock were exchanged, compared to its average volume of 175,321. The business has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $14.11. Nuveen Sl Tfip has a 52-week low of $12.87 and a 52-week high of $14.65.

Nuveen Sl Tfip Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, October 15th.

Institutional Trading of Nuveen Sl Tfip

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Nuveen Sl Tfip in the 2nd quarter valued at $45,000. Bayban purchased a new position in shares of Nuveen Sl Tfip in the 4th quarter valued at $62,000. Hilltop Holdings Inc. purchased a new position in shares of Nuveen Sl Tfip in the 1st quarter valued at $149,000. Envestnet Asset Management Inc. acquired a new stake in Nuveen Sl Tfip during the 2nd quarter worth $179,000. Finally, Summit Financial Wealth Advisors LLC acquired a new stake in Nuveen Sl Tfip during the 1st quarter worth $186,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

About Nuveen Sl Tfip

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) is a closed-end investment company managed by Nuveen, an asset manager specializing in investment solutions. The fund seeks to provide current income that is exempt from regular federal income tax while also managing the risks associated with investing in municipal securities.

The portfolio invests primarily in tax-exempt municipal bonds issued by states, cities, counties, public authorities and other governmental entities in the United States.