Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 16,191 shares, a decline of 51.1% from the August 31st total of 33,114 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 25,613 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Preferred and Income ETF Price Performance

NASDAQ NPFI traded down $0.02 on Tuesday, hitting $25.23. 407,514 shares of the stock traded hands, compared to its average volume of 24,994. The business’s fifty day moving average is $25.78 and its two-hundred day moving average is $25.91. Nuveen Preferred and Income ETF has a 12 month low of $21.00 and a 12 month high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st were issued a $0.1403 dividend. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1349. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 6.7%.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new position in Nuveen Preferred and Income ETF stock. Bank of New York Mellon Corp purchased a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,540 shares of the company’s stock, valued at approximately $107,000. Bank of New York Mellon Corp owned 0.20% of Nuveen Preferred and Income ETF as of its most recent SEC filing.

About Nuveen Preferred and Income ETF

(Get Free Report)

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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