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

Nuveen Sl Tfip (NYSE:NXP) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 34,859 shares, a decrease of 46.8% from the May 31st total of 65,498 shares. Based on an average trading volume of 125,842 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Nuveen Sl Tfip Stock Up 0.7%

NXP opened at $14.38 on Tuesday. The stock has a 50-day moving average price of $14.24 and a 200-day moving average price of $14.26. Nuveen Sl Tfip has a 1 year low of $13.73 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 Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. increased its position in shares of Nuveen Sl Tfip by 1.1% during the second quarter. Raymond James Financial Inc. now owns 256,934 shares of the financial services provider’s stock valued at $3,610,000 after acquiring an additional 2,838 shares in the last quarter. Bank of America Corp DE lifted its position in Nuveen Sl Tfip by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 446,821 shares of the financial services provider’s stock valued at $6,278,000 after acquiring an additional 5,206 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Nuveen Sl Tfip in the 2nd quarter valued at approximately $346,000. Osaic Holdings Inc. boosted its stake in Nuveen Sl Tfip by 63.6% during the 2nd quarter. Osaic Holdings Inc. now owns 51,882 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 20,174 shares during the last quarter. Finally, Great Lakes Retirement Inc. purchased a new stake in Nuveen Sl Tfip during the 3rd quarter valued at $206,000. Institutional investors own 16.17% of the company’s stock.

Nuveen Sl Tfip Company Profile

Nuveen Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average.