Nuveen Preferred and Income ETF (NASDAQ:NPFI) Shares Shorted: Short Interest Up 250.6% in October

Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 30,100 shares, an increase of 250.6% from the October 15th total of 8,585 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 28,308 shares, the days-to-cover ratio is currently 1.1 days.

Nuveen Preferred and Income ETF Stock Performance

NASDAQ:NPFI traded down $0.08 on Thursday, hitting $25.20. 10,493 shares of the stock were exchanged, compared to its average volume of 24,175. The company’s 50-day moving average price is $25.29 and its 200 day moving average price is $25.85. Nuveen Preferred and Income ETF has a 52 week low of $21.00 and a 52 week high of $26.51.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 3rd. Investors of record on Monday, November 2nd were given a $0.1464 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 7.0%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1439.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NPFI. Arkadios Wealth Advisors purchased a new position in shares of Nuveen Preferred and Income ETF in the 1st quarter worth about $223,000. Bank of New York Mellon Corp bought a new position in Nuveen Preferred and Income ETF during the second quarter valued at approximately $107,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of Nuveen Preferred and Income ETF in the 3rd quarter worth about $177,000.

About Nuveen Preferred and Income ETF

(Get Free Report)

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.

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