Nuveen Core Plus Impact Fund (NYSE:NPCT) Shares Shorted: Short Interest Down 70.1% in September

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 68,975 shares, a drop of 70.1% from the September 15th total of 231,005 shares. Based on an average trading volume of 108,201 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Core Plus Impact Fund Price Performance

NYSE:NPCT traded down $0.03 during trading hours on Monday, hitting $9.04. 14,473 shares of the company traded hands, compared to its average volume of 123,135. Nuveen Core Plus Impact Fund has a one year low of $8.89 and a one year high of $11.00. The firm’s 50-day simple moving average is $9.56 and its 200-day simple moving average is $9.89.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0895 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.07 annualized dividend and a dividend yield of 11.9%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NPCT. Sit Investment Associates Inc. increased its position in Nuveen Core Plus Impact Fund by 13.8% in the fourth quarter. Sit Investment Associates Inc. now owns 206,501 shares of the company’s stock worth $2,102,000 after buying an additional 25,000 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Nuveen Core Plus Impact Fund by 3.4% in the first quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after acquiring an additional 2,812 shares during the period. Private Advisor Group LLC grew its position in shares of Nuveen Core Plus Impact Fund by 20.3% during the 1st 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 in the last quarter. Readystate Asset Management LP bought a new position in Nuveen Core Plus Impact Fund in the 2nd quarter worth about $248,000. Finally, Petra Financial Advisors Inc. purchased a new stake in Nuveen Core Plus Impact Fund in the first quarter valued at approximately $102,000.

Nuveen Core Plus Impact Fund (NYSE:NPCT) is a closed-end investment fund managed by Nuveen, the asset-management arm of TIAA. The fund seeks to provide investors with current income and long-term total return through a diversified portfolio of fixed-income securities.

The fund uses a core-plus strategy, which allows it to invest across a broad range of debt markets, including government and corporate bonds, mortgage- and asset-backed securities, municipal bonds, high-yield debt and securities issued in emerging markets.