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%.
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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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