Nuveen Sl Tfip (NYSE:NXP) Short Interest Up 165.9% in August

Nuveen Sl Tfip (NYSE:NXP) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 89,055 shares, a growth of 165.9% from the August 15th total of 33,494 shares. Based on an average trading volume of 140,939 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Nuveen Sl Tfip

Large investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Sl Tfip in the 2nd quarter worth about $45,000. Northwestern Mutual Wealth Management Co. lifted its stake in Nuveen Sl Tfip by 116.9% during 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 purchasing an additional 2,079 shares during the last quarter. Advisory Services Network LLC purchased a new position in Nuveen Sl Tfip during the 3rd quarter worth approximately $58,000. Bayban purchased a new position in Nuveen Sl Tfip during the fourth quarter valued at approximately $62,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Nuveen Sl Tfip during the 4th quarter worth about $73,000. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Sl Tfip Stock Performance

Shares of NXP opened at $13.76 on Friday. The stock’s 50-day moving average is $14.23 and its two-hundred day moving average is $14.27. Nuveen Sl Tfip has a 12 month low of $13.71 and a 12 month high of $14.65.

Nuveen Sl Tfip Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Nuveen Sl Tfip

Nuveen Select Tax-Free Income Portfolio is a closed-end management investment company listed on the New York Stock Exchange under the symbol NXP. The fund seeks to provide current income that is exempt from regular federal income tax, while also pursuing long-term preservation of capital.

The portfolio invests primarily in municipal securities issued by state and local governments, public authorities and other governmental entities throughout the United States. These securities may help finance public infrastructure and services, including schools, transportation systems, utilities, hospitals and housing projects.