Short Interest in Nuveen Core Plus Impact Fund (NYSE:NPCT) Grows By 80.6%

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 28,031 shares, an increase of 80.6% from the May 31st total of 15,520 shares. Based on an average trading volume of 124,754 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Nuveen Core Plus Impact Fund by 3.4% during the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after buying an additional 2,812 shares during the last quarter. Petra Financial Advisors Inc. bought a new position in Nuveen Core Plus Impact Fund in the first quarter worth about $102,000. Assetmark Inc. boosted its stake in Nuveen Core Plus Impact Fund by 8,620.7% in the first quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock valued at $52,000 after acquiring an additional 5,000 shares during the period. Fifth Third Bancorp acquired a new position in Nuveen Core Plus Impact Fund in the first quarter valued at approximately $66,000. Finally, Private Advisor Group LLC grew its holdings in shares of Nuveen Core Plus Impact Fund by 20.3% during the first quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock valued at $288,000 after purchasing an additional 4,758 shares during the last quarter.

Nuveen Core Plus Impact Fund Stock Performance

Shares of NPCT opened at $10.04 on Friday. The business’s fifty day moving average price is $10.10 and its 200 day moving average price is $10.23. Nuveen Core Plus Impact Fund has a 12-month low of $9.78 and a 12-month high of $11.29.

Nuveen Core Plus Impact Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.0895 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.