Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Update

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 16,191 shares, a decline of 51.1% from the August 31st total of 33,114 shares. Based on an average daily trading volume, of 25,613 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. Bank of New York Mellon Corp purchased a new position in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,540 shares of the company’s stock, valued at approximately $107,000. Bank of New York Mellon Corp owned approximately 0.20% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

Nuveen Preferred and Income ETF Price Performance

Shares of Nuveen Preferred and Income ETF stock traded down $0.02 during trading hours on Tuesday, reaching $25.23. The company had a trading volume of 407,514 shares, compared to its average volume of 24,994. Nuveen Preferred and Income ETF has a one year low of $21.00 and a one year high of $26.61. The business has a fifty day simple moving average of $25.78 and a 200 day simple moving average of $25.91.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, September 1st were paid a $0.1403 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 6.7%. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1349.

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.