Nuveen Core Plus Impact Fund (NYSE:NPCT) Short Interest Down 90.9% in May

Nuveen Core Plus Impact Fund (NYSE:NPCT – Get Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 15,520 shares, a drop of 90.9% from the May 14th total of 169,943 shares. Based on an average daily trading volume, of 144,503 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Core Plus Impact Fund Trading Up 0.1%

Nuveen Core Plus Impact Fund stock traded up $0.01 during midday trading on Thursday, reaching $9.93. The company had a trading volume of 119,750 shares, compared to its average volume of 135,810. Nuveen Core Plus Impact Fund has a 12-month low of $9.78 and a 12-month high of $11.31. The firm’s fifty day simple moving average is $10.23 and its 200-day simple moving average is $10.29.

Get Nuveen Core Plus Impact Fund alerts:

Nuveen Core Plus Impact Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.0895 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Nuveen Core Plus Impact Fund by 3.4% in the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after buying an additional 2,812 shares in the last quarter. Petra Financial Advisors Inc. purchased a new position in Nuveen Core Plus Impact Fund in the 1st quarter valued at about $102,000. Assetmark Inc. lifted its stake in Nuveen Core Plus Impact Fund by 8,620.7% in the 1st quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock valued at $52,000 after buying an additional 5,000 shares in the last quarter. Fifth Third Bancorp purchased a new position in Nuveen Core Plus Impact Fund in the 1st quarter worth approximately $66,000. Finally, Private Advisor Group LLC lifted its stake in Nuveen Core Plus Impact Fund by 20.3% in the 1st quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock worth $288,000 after purchasing an additional 4,758 shares in the last quarter.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.

Further Reading

• Five stocks we like better than Nuveen Core Plus Impact Fund
• Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
• NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
• The World Cup Is Coming—These 3 Stocks Could Cash In
• Spotify’s “North Star” Outlook Was Music to Investors Ears

Receive News & Ratings for Nuveen Core Plus Impact Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Core Plus Impact Fund and related companies with MarketBeat.com's FREE daily email newsletter.