Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Short Interest Up 5.5% in December

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,110,000 shares, an increase of 5.5% from the December 15th total of 2,000,000 shares. Based on an average daily trading volume, of 987,700 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund in the 3rd quarter valued at about $41,000. Certified Advisory Corp bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter valued at approximately $75,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth approximately $79,000. Philip James Wealth Mangement LLC bought a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth $81,000. Finally, CWM LLC grew its position in Nuveen Preferred & Income Opportunities Fund by 17.8% in the 3rd quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 1,643 shares during the period.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.1 %

Shares of NYSE JPC traded up $0.01 during trading on Monday, reaching $7.92. The company had a trading volume of 626,387 shares, compared to its average volume of 958,290. Nuveen Preferred & Income Opportunities Fund has a 12 month low of $6.72 and a 12 month high of $8.24. The company’s fifty day moving average price is $8.01 and its 200-day moving average price is $7.91.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0665 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.80 dividend on an annualized basis and a yield of 10.08%.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.