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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 22,795 shares, a growth of 144.3% from the February 26th total of 9,332 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 16,959 shares, the short-interest ratio is currently 1.3 days.

Nuveen Preferred and Income ETF Stock Down 0.3%

NPFI traded down $0.08 on Friday, hitting $25.60. 1,156 shares of the company traded hands, compared to its average volume of 29,808. Nuveen Preferred and Income ETF has a 12-month low of $24.71 and a 12-month high of $26.61. The company has a 50 day moving average of $26.20 and a 200-day moving average of $26.28.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Monday, March 2nd were given a $0.1165 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing.

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. NPFI was launched on Mar 5, 2024 and is issued by Nuveen.