Nuveen Select Tax-Free Income Portfolio (NXP) Short Interest Ratio & Short Volume

Short interest is the volume of Nuveen Select Tax-Free Income Portfolio shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 26,800 shares of NXP short. Learn More on Nuveen Select Tax-Free Income Portfolio's current short interest.

Nuveen Select Tax-Free Income Portfolio saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 26,800 shares, a decline of 34.0% from the previous total of 40,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to Nuveen Select Tax-Free Income Portfolio: Invesco Municipal Opportunity Trust (0.22%), PIMCO High Income Fund (0.05%), BlackRock MuniHoldings New Jersey Quality Fund, Inc. (0.10%), Adams Natural Resources Fund, Inc. (1.48%), BlackRock MuniYield Quality Fund III, Inc. (0.19%), The India Fund, Inc. (3.86%), John Hancock Financial Opportunities Fund (0.04%), Invesco Trust for Investment Grade Municipals (0.03%), Invesco Municipal Trust (0.04%), BlackRock Debt Strategies Fund, Inc. (0.42%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling NXP is an investing strategy that aims to generate trading profit from Nuveen Select Tax-Free Income Portfolio as its price is falling. NXP shares are trading up $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Nuveen Select Tax-Free Income Portfolio occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of NXP, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NXP, twice per month. The most recent reporting period available is April, 15 2024.