Nuveen Core Plus Impact Fund (NYSE:NPCT) Stock Short Interest Climbs 1,635.1%

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 231,005 shares, an increase of 1,635.1% from the August 31st total of 13,314 shares. Based on an average daily volume of 104,792 shares, the days-to-cover ratio is presently 2.2 days.

Nuveen Core Plus Impact Fund Price Performance

Shares of Nuveen Core Plus Impact Fund stock traded up $0.11 during mid-day trading on Friday, hitting $9.40. 88,034 shares of the stock were exchanged, compared to its average volume of 123,959. Nuveen Core Plus Impact Fund has a 12 month low of $9.27 and a 12 month high of $11.05. The company has a 50-day simple moving average of $9.69 and a 200 day simple moving average of $9.97.

Nuveen Core Plus Impact Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0895 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.07 annualized dividend and a yield of 11.4%.

Institutional Investors Weigh In On Nuveen Core Plus Impact Fund

A number of hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its holdings in Nuveen Core Plus Impact Fund by 13.8% during the fourth quarter. Sit Investment Associates Inc. now owns 206,501 shares of the company’s stock worth $2,102,000 after buying an additional 25,000 shares during the last quarter. Royal Bank of Canada grew its position in shares of Nuveen Core Plus Impact Fund by 3.4% during the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after acquiring an additional 2,812 shares during the period. Private Advisor Group LLC grew its position in shares of Nuveen Core Plus Impact Fund by 20.3% during the 1st quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock valued at $288,000 after acquiring an additional 4,758 shares during the period. Readystate Asset Management LP purchased a new stake in shares of Nuveen Core Plus Impact Fund during the 2nd quarter worth approximately $248,000. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Nuveen Core Plus Impact Fund in the 4th quarter worth approximately $210,000.

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.