Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Down 94.0% in January

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 1,522 shares, a drop of 94.0% from the December 31st total of 25,226 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 15,295 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 15,295 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC bought a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned 2.42% of Nuveen Preferred and Income ETF as of its most recent SEC filing.

Nuveen Preferred and Income ETF Price Performance

NASDAQ NPFI traded up $0.03 on Wednesday, reaching $26.38. The company’s stock had a trading volume of 5,168 shares, compared to its average volume of 10,968. Nuveen Preferred and Income ETF has a twelve month low of $24.71 and a twelve month high of $26.61. The firm’s 50 day moving average is $26.28 and its two-hundred day moving average is $26.26.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 18th were given a $0.243 dividend. This represents a c) annualized dividend and a yield of 11.1%. This is a positive change from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, December 18th.

Nuveen Preferred and Income ETF Company Profile

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.