Nuveen Preferred & Income Securities Fnd (NYSE:JPS) Sees Significant Increase in Short Interest

Nuveen Preferred & Income Securities Fnd (NYSE:JPS) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,028,107 shares, an increase of 67.8% from the November 30th total of 612,575 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 366,506 shares, the days-to-cover ratio is currently 2.8 days.

Nuveen Preferred & Income Securities Fnd (NYSE JPS) opened at $10.04 on Tuesday. Nuveen Preferred & Income Securities Fnd has a 12 month low of $9.23 and a 12 month high of $10.47.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 12th will be given a dividend of $0.062 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.74 annualized dividend and a yield of 7.41%.

Several institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC purchased a new stake in shares of Nuveen Preferred & Income Securities Fnd during the third quarter worth about $206,000. Yellowstone Partners LLC purchased a new stake in shares of Nuveen Preferred & Income Securities Fnd during the third quarter worth about $164,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Nuveen Preferred & Income Securities Fnd by 16.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 380,624 shares of the real estate investment trust’s stock worth $3,962,000 after purchasing an additional 54,865 shares during the period. Cahill Financial Advisors Inc. boosted its holdings in shares of Nuveen Preferred & Income Securities Fnd by 42.5% during the third quarter. Cahill Financial Advisors Inc. now owns 41,991 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 12,520 shares during the period. Finally, Vident Investment Advisory LLC boosted its holdings in shares of Nuveen Preferred & Income Securities Fnd by 9.6% during the third quarter. Vident Investment Advisory LLC now owns 408,307 shares of the real estate investment trust’s stock worth $4,250,000 after purchasing an additional 35,838 shares during the period.

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About Nuveen Preferred & Income Securities Fnd

Nuveen Preferred & Income Securities Fund, formerly Nuveen Preferred Securities Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is high current income consistent with capital preservation. The Fund’s secondary objective is to enhance portfolio value.

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