Nuveen Select Tax-Free Income Portfolio 2 (NYSE:NXQ) Short Interest Up 23.4% in April


Share on StockTwits

Nuveen Select Tax-Free Income Portfolio 2 (NYSE:NXQ) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,900 shares, a growth of 23.4% from the March 31st total of 6,400 shares. Based on an average daily trading volume, of 26,300 shares, the days-to-cover ratio is presently 0.3 days.

Several hedge funds have recently made changes to their positions in NXQ. Financial Enhancement Group LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio 2 in the 4th quarter valued at approximately $30,000. Penbrook Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio 2 in the 4th quarter valued at approximately $48,000. Wealth Dimensions Group Ltd. purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio 2 in the 4th quarter valued at approximately $193,000. Regal Investment Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio 2 in the 4th quarter valued at approximately $220,000. Finally, Raymond James Trust N.A. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio 2 by 12.9% in the 4th quarter. Raymond James Trust N.A. now owns 13,966 shares of the company’s stock valued at $222,000 after purchasing an additional 1,600 shares during the last quarter.

NYSE:NXQ opened at $15.92 on Tuesday. The stock’s 50 day moving average price is $16.20 and its 200 day moving average price is $15.75. Nuveen Select Tax-Free Income Portfolio 2 has a 52-week low of $13.80 and a 52-week high of $17.18.

The business also recently announced a monthly dividend, which was paid on Monday, May 3rd. Shareholders of record on Thursday, April 15th were paid a $0.042 dividend. The ex-dividend date was Wednesday, April 14th. This represents a $0.50 annualized dividend and a dividend yield of 3.17%.

About Nuveen Select Tax-Free Income Portfolio 2

Nuveen Select Tax-Free Income Portfolio 2 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.

Featured Story: Why Invest in Dividend Achievers?

Receive News & Ratings for Nuveen Select Tax-Free Income Portfolio 2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Select Tax-Free Income Portfolio 2 and related companies with MarketBeat.com's FREE daily email newsletter.