NXP Short Interest Jumps Nearly Fourfold in September
Short interest in Nuveen Sl Tfip rose 370.9% to 151,135 shares by September 30, up from 32,092 shares at mid-month. That equaled about 0.2% of shares sold short and 0.4 days of average trading volume. The fund traded at $13.15, up 1.0%, and declared a monthly dividend of $0.0535 per share.
Short interest in Nuveen Select Tax-Free Income Portfolio reached 151,135 shares by September 30, up from 32,092 at midmonth. That equaled 0.2% of shares sold short and 0.4 days of average trading volume.
The closed-end municipal bond fund, managed by Nuveen, seeks federally tax-exempt current income. Its shares traded at $13.15, up 1.0%, and it declared a monthly dividend of $0.0535, or $0.64 annualized, for a 4.9% yield. Institutional investors held 16.17%.
Retail and institutional holders of closed-end municipal bond funds may watch such short-interest swings for signals about liquidity and sentiment, though the reported level remains small relative to shares and trading volume. A higher short position could add volatility around dividend dates or ex-dividend periods, potentially affecting income-focused investors. Because the fund targets tax-exempt municipal income, changes in its price or distributions may matter to savers and retirees who rely on steady payouts, but this single data point may not indicate broader market stress.