Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Grows By 549.0%

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,332 shares, an increase of 549.0% from the February 12th total of 1,438 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 113,726 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 113,726 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Nuveen Preferred and Income ETF Stock Up 0.2%

NASDAQ:NPFI traded up $0.05 during trading hours on Tuesday, hitting $26.10. The stock had a trading volume of 14,929 shares, compared to its average volume of 33,955. The business’s 50 day moving average is $26.30 and its 200-day moving average is $26.31. Nuveen Preferred and Income ETF has a one year low of $24.71 and a one year high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Monday, March 2nd were issued a $0.1165 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.4%.

Institutional Trading of 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:NPFIFree Report) during the 3rd quarter, according to its most recent filing 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 approximately 2.42% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

About Nuveen Preferred and Income ETF

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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.

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