Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Down 51.3% in May

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 19,121 shares, a drop of 51.3% from the May 14th total of 39,265 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 12,748 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors acquired a new stake in shares of Nuveen Preferred and Income ETF during the 1st quarter worth approximately $223,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Nuveen Preferred and Income ETF during the fourth quarter worth $362,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Nuveen Preferred and Income ETF during the third quarter valued at $1,638,000.

Nuveen Preferred and Income ETF Stock Performance

NASDAQ:NPFI opened at $26.02 on Friday. The firm has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $26.14. Nuveen Preferred and Income ETF has a one year low of $21.00 and a one year high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, June 1st were given a dividend of $0.1221 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, June 1st.

About Nuveen Preferred and Income ETF

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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.

Further Reading

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