Nuveen New York Select Tax-Free Income Portfolio Price & Performance (NXN)

Saba Capital Management recently reduced its stake in the Nuveen New Jersey Quality Municipal Income Fund by 77,844 shares. This adjustment, executed at $12.11 per share, resulted in a slight decrease in its portfolio allocation. The fund's financial metrics suggest challenges, with a GF Score of 42/100 indicating limited growth potential.1

Short interest in the Nuveen New York Select Tax-Free Income Portfolio grew by 542.9% in February, reaching 9,000 shares. This dramatic increase raises questions about market sentiment. With a dividend yield of 4.29%, the fund remains a notable choice for income-focused investors despite its recent trading volume fluctuations.2

Karpus Management reduced its holdings in the Nuveen New York AMT-Free Quality Municipal Income Fund by 903,656 shares. The transaction resulted in a slight 0.05% drop in the fund's stock price. This move aligns with Karpus's value-focused investment strategy as it reallocates resources within its diversified portfolio.3