Nuveen Sl Tfip (NYSE:NXP) Short Interest Update

Nuveen Sl Tfip (NYSE:NXP) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 32,092 shares, a drop of 64.0% from the August 31st total of 89,055 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 216,798 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Stephens Inc. AR grew its position in Nuveen Sl Tfip by 15.6% in the 1st quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock worth $9,563,000 after purchasing an additional 90,129 shares in the last quarter. Bank of America Corp DE grew its position in shares of Nuveen Sl Tfip by 19.5% in the first quarter. Bank of America Corp DE now owns 542,458 shares of the financial services provider’s stock valued at $7,784,000 after purchasing an additional 88,528 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Nuveen Sl Tfip by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 208,832 shares of the financial services provider’s stock valued at $2,945,000 after buying an additional 9,332 shares during the period. Royal Bank of Canada increased its holdings in Nuveen Sl Tfip by 46.0% during the 1st quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock worth $2,112,000 after acquiring an additional 46,394 shares during the period. Finally, Wedbush Securities Inc. raised its position in shares of Nuveen Sl Tfip by 4.1% in the second quarter. Wedbush Securities Inc. now owns 73,793 shares of the financial services provider’s stock worth $768,000 after buying an additional 2,931 shares in the last quarter. 16.17% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Sl Tfip Stock Performance

Shares of NYSE:NXP traded up $0.08 during midday trading on Tuesday, hitting $13.09. 455,292 shares of the stock were exchanged, compared to its average volume of 164,384. Nuveen Sl Tfip has a 12 month low of $12.87 and a 12 month high of $14.65. The business’s 50-day moving average price is $14.00 and its 200 day moving average price is $14.19.

Nuveen Sl Tfip Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.64 annualized dividend and a yield of 4.9%.

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.