Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Update

Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,326 shares, a decline of 40.8% from the May 31st total of 19,121 shares. Based on an average daily volume of 12,294 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the stock are short sold.

Nuveen Preferred and Income ETF Price Performance

NPFI stock traded up $0.02 during trading on Thursday, hitting $26.02. 6,822 shares of the company’s stock traded hands, compared to its average volume of 23,779. Nuveen Preferred and Income ETF has a 52 week low of $21.00 and a 52 week high of $26.61. The business has a fifty day simple moving average of $26.04 and a 200 day simple moving average of $26.11.

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Nuveen Preferred and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.1356 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 6.3%.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

Several institutional investors have recently modified their holdings of NPFI. Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Preferred and Income ETF in the 3rd quarter worth approximately $1,638,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Nuveen Preferred and Income ETF during the 4th quarter valued at $362,000. Finally, Arkadios Wealth Advisors bought a new stake in Nuveen Preferred and Income ETF in the first quarter worth $223,000.

About Nuveen Preferred and Income ETF

(Get Free Report)

The Nuveen Preferred and Income ETF (NPFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of institutional preferred securities and other income-producing debt securities primarily rated investment grade. The fund seeks a high level of current income and total return. NPFI was launched on Mar 5, 2024 and is issued by Nuveen.

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