Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Short Interest Update

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,798,456 shares, a drop of 14.3% from the March 15th total of 3,263,584 shares. Based on an average daily volume of 1,795,909 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Gridiron Partners LLC boosted its position in Nuveen Preferred & Income Opportunities Fund by 3,036.0% in the third quarter. Gridiron Partners LLC now owns 1,661,104 shares of the financial services provider’s stock worth $13,621,000 after purchasing an additional 1,608,135 shares during the last quarter. MGO One Seven LLC purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth about $8,189,000. Smith Asset Management Co. LLC grew its position in Nuveen Preferred & Income Opportunities Fund by 167.4% during the third quarter. Smith Asset Management Co. LLC now owns 944,134 shares of the financial services provider’s stock valued at $7,742,000 after buying an additional 591,082 shares during the period. Truist Financial Corp grew its position in Nuveen Preferred & Income Opportunities Fund by 106.1% during the third quarter. Truist Financial Corp now owns 1,028,129 shares of the financial services provider’s stock valued at $8,431,000 after buying an additional 529,273 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Nuveen Preferred & Income Opportunities Fund by 87.2% during the third quarter. Envestnet Asset Management Inc. now owns 577,429 shares of the financial services provider’s stock worth $4,735,000 after buying an additional 268,939 shares during the last quarter.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.8%

Nuveen Preferred & Income Opportunities Fund stock traded up $0.07 during mid-day trading on Friday, hitting $7.93. 1,197,806 shares of the stock were exchanged, compared to its average volume of 1,150,090. The firm’s fifty day simple moving average is $7.98 and its two-hundred day simple moving average is $8.08. Nuveen Preferred & Income Opportunities Fund has a 12 month low of $7.22 and a 12 month high of $8.30.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Wednesday, April 15th.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a closed-end management investment company managed by Nuveen Asset Management, an affiliate of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to provide high current income and the potential for capital appreciation by investing in a diversified portfolio of preferred and other income-producing securities.

The fund focuses on preferred and convertible securities issued by U.S. and global corporations, with flexibility to invest in common stocks, corporate debt, exchange-traded debt obligations and other fixed-income instruments.