Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Significant Decline in Short Interest

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 6,400 shares, a decline of 24.7% from the February 28th total of 8,500 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Preferred and Income ETF Trading Up 0.1 %

NASDAQ:NPFI opened at $25.74 on Friday. Nuveen Preferred and Income ETF has a 52 week low of $24.99 and a 52 week high of $26.15. The firm has a 50-day moving average price of $25.75 and a two-hundred day moving average price of $25.81.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were given a $0.1205 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.45 annualized dividend and a yield of 5.62%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.10.

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.