Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Down 40.8% in June

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 11,326 shares, a drop of 40.8% from the May 31st total of 19,121 shares. Based on an average trading volume of 12,294 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in Nuveen Preferred and Income ETF in the 1st quarter valued at about $223,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Nuveen Preferred and Income ETF in the 4th quarter worth approximately $362,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Nuveen Preferred and Income ETF in the third quarter valued at approximately $1,638,000.

Nuveen Preferred and Income ETF Price Performance

NPFI traded down $0.15 during mid-day trading on Wednesday, reaching $26.00. 5,021 shares of the stock were exchanged, compared to its average volume of 23,915. Nuveen Preferred and Income ETF has a 1 year low of $21.00 and a 1 year high of $26.61. The company has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $26.12.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.1356 per share. This represents a c) annualized dividend and a yield of 6.3%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12. The ex-dividend date is Wednesday, July 1st.

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.