Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Update

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 43,630 shares, a decrease of 45.7% from the April 15th total of 80,316 shares. Based on an average trading volume of 26,244 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are short sold.

Nuveen Preferred and Income ETF Stock Down 0.3%

NPFI stock traded down $0.07 during trading on Friday, reaching $25.95. The stock had a trading volume of 3,662 shares, compared to its average volume of 28,125. The stock’s 50 day moving average is $25.96 and its two-hundred day moving average is $26.19. Nuveen Preferred and Income ETF has a 52 week low of $21.00 and a 52 week high of $26.61.

Nuveen Preferred and Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, May 1st were issued a dividend of $0.1348 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 6.2%.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB bought a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned approximately 0.28% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

About Nuveen Preferred and Income ETF

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.