Nuveen Preferred and Income Term Fund (NYSE:JPI – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 29th, there was short interest totalling 19,900 shares, a drop of 11.2% from the February 14th total of 22,400 shares. Based on an average daily volume of 62,300 shares, the days-to-cover ratio is currently 0.3 days.
Nuveen Preferred and Income Term Fund Price Performance
Shares of NYSE JPI traded up $0.03 during mid-day trading on Monday, hitting $18.83. The company had a trading volume of 48,017 shares, compared to its average volume of 52,193. The firm has a 50-day simple moving average of $18.69 and a two-hundred day simple moving average of $17.80. Nuveen Preferred and Income Term Fund has a one year low of $16.02 and a one year high of $19.02.
Nuveen Preferred and Income Term Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.098 dividend. This represents a $1.18 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, March 14th.
Hedge Funds Weigh In On Nuveen Preferred and Income Term Fund
About Nuveen Preferred and Income Term Fund
Nuveen Preferred and Income Term Fund is a close ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies that are operating in financial services sectors such as bank, insurance, REITs, and utility companies.
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