Nuveen Sl Tfip (NYSE:NXP) Sees Significant Increase in Short Interest

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

Nuveen Sl Tfip Trading Down 0.8%

Shares of NYSE NXP traded down $0.10 during mid-day trading on Tuesday, hitting $13.55. 29,676 shares of the stock traded hands, compared to its average volume of 151,606. Nuveen Sl Tfip has a 52 week low of $13.55 and a 52 week high of $14.65. The stock has a fifty day moving average price of $14.22 and a 200-day moving average price of $14.27.

Nuveen Sl Tfip Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NXP. Stephens Inc. AR grew its position in Nuveen Sl Tfip by 15.6% during the 1st quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock valued at $9,563,000 after purchasing an additional 90,129 shares during the last quarter. Bank of America Corp DE raised its holdings in 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 worth $7,784,000 after buying an additional 88,528 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Nuveen Sl Tfip by 2.7% in the fourth quarter. Prospera Financial Services Inc now owns 209,153 shares of the financial services provider’s stock worth $2,949,000 after buying an additional 5,558 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Nuveen Sl Tfip by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 208,832 shares of the financial services provider’s stock worth $2,945,000 after buying an additional 9,332 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Nuveen Sl Tfip by 46.0% during the first quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock valued at $2,112,000 after buying an additional 46,394 shares during the last quarter. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Sl Tfip Company Profile

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.