Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Significant Increase in Short Interest

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 25,884 shares, a growth of 214.5% from the June 30th total of 8,230 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 18,192 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new position in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFIFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned about 2.42% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

Nuveen Preferred and Income ETF Stock Performance

Shares of Nuveen Preferred and Income ETF stock remained flat at $25.89 during trading on Tuesday. 19,659 shares of the stock traded hands, compared to its average volume of 23,251. Nuveen Preferred and Income ETF has a 52-week low of $21.00 and a 52-week high of $26.61. The company’s 50 day moving average price is $26.01 and its 200-day moving average price is $26.08.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, July 1st were given a dividend of $0.1356 per share. The ex-dividend date was Wednesday, July 1st. This is a positive change 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%.

Nuveen Preferred and Income ETF Company Profile

(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.

See Also

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