Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Up 1,338.0% in February

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,438 shares, an increase of 1,338.0% from the January 29th total of 100 shares. Based on an average daily volume of 16,093 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 16,093 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC acquired a new position in Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned approximately 2.42% of Nuveen Preferred and Income ETF at the end of the most recent reporting period.

Nuveen Preferred and Income ETF Price Performance

Shares of NASDAQ NPFI traded down $0.04 during midday trading on Friday, hitting $26.38. 640 shares of the stock traded hands, compared to its average volume of 36,300. Nuveen Preferred and Income ETF has a one year low of $24.71 and a one year high of $26.61. The firm has a 50-day moving average of $26.30 and a two-hundred day moving average of $26.31.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Monday, February 2nd were issued a $0.1265 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.8%.

About Nuveen Preferred and Income ETF

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.