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

Nuveen Sl Tfip (NYSE:NXP) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 49,779 shares, a drop of 67.1% from the September 30th total of 151,135 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 357,599 shares, the short-interest ratio is currently 0.1 days.

Nuveen Sl Tfip Price Performance

Shares of Nuveen Sl Tfip stock traded up $0.02 during trading on Friday, hitting $13.46. The stock had a trading volume of 209,743 shares, compared to its average volume of 346,866. Nuveen Sl Tfip has a 12 month low of $12.87 and a 12 month high of $14.59. The firm’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $14.09.

Nuveen Sl Tfip Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.8%.

Insider Activity at Nuveen Sl Tfip

In related news, insider Young L. Robert bought 22,848 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were purchased at an average price of $13.15 per share, with a total value of $300,451.20. Following the transaction, the insider owned 22,848 shares in the company, valued at $300,451.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Nuveen Sl Tfip

Institutional investors and hedge funds have recently modified their holdings of the stock. Curry Webb Wealth Management LLC purchased a new position in shares of Nuveen Sl Tfip during the third quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new stake in Nuveen Sl Tfip in the second quarter worth about $45,000. Hilltop Holdings Inc. purchased a new stake in shares of Nuveen Sl Tfip during the first quarter worth about $149,000. Envestnet Asset Management Inc. purchased a new stake in shares of Nuveen Sl Tfip during the second quarter worth about $179,000. Finally, Summit Financial Wealth Advisors LLC acquired a new position in shares of Nuveen Sl Tfip during the first quarter valued at about $186,000. 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, the investment management business of TIAA. The portfolio seeks to provide current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, and other governmental entities in the United States. Its holdings may include a range of tax-exempt bonds, including securities with varying maturities, credit qualities, and structures.