Nuveen Sl Tfip (NYSE:NXP) Sees Large Decrease in Short Interest

Nuveen Sl Tfip (NYSE:NXP) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 32,092 shares, a decrease of 64.0% from the August 31st total of 89,055 shares. Based on an average daily trading volume, of 216,798 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Nuveen Sl Tfip Trading Up 0.9%

Shares of NYSE:NXP traded up $0.12 during trading on Friday, reaching $13.07. 508,369 shares of the company traded hands, compared to its average volume of 227,783. The firm has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $14.20. Nuveen Sl Tfip has a 1-year low of $12.90 and a 1-year high of $14.65.

Nuveen Sl Tfip Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NXP. Stephens Inc. AR increased 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 during the last quarter. Bank of America Corp DE increased 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. Commonwealth Equity Services LLC increased its holdings in 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 during the last quarter. Royal Bank of Canada raised its position in 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 acquiring an additional 46,394 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in Nuveen Sl Tfip by 4.1% during the second quarter. Wedbush Securities Inc. now owns 73,793 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 2,931 shares in the last quarter. Hedge funds and other institutional investors own 16.17% of the company’s stock.

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.