Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Significant Growth in Short Interest

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 31,760 shares, a growth of 69.4% from the July 30th total of 18,744 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 17,006 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Preferred and Income ETF in the 3rd quarter worth approximately $1,638,000. Arkadios Wealth Advisors acquired a new position in Nuveen Preferred and Income ETF during the first quarter valued at $223,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Nuveen Preferred and Income ETF in the 2nd quarter valued at $107,000.

Nuveen Preferred and Income ETF Stock Performance

Shares of Nuveen Preferred and Income ETF stock traded down $0.20 on Tuesday, hitting $25.74. 12,038 shares of the company traded hands, compared to its average volume of 21,912. Nuveen Preferred and Income ETF has a 52 week low of $21.00 and a 52 week high of $26.61. The stock’s 50 day moving average price is $25.95 and its 200-day moving average price is $26.01.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st will be paid a $0.1403 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, September 1st.

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.