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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 100 shares, a decrease of 93.4% from the January 15th total of 1,522 shares. Based on an average trading volume of 8,450 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,450 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB acquired a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned about 0.28% of Nuveen Preferred and Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Nuveen Preferred and Income ETF Stock Performance

Shares of NASDAQ:NPFI traded up $0.01 during trading on Tuesday, reaching $26.32. The stock had a trading volume of 6,953 shares, compared to its average volume of 12,965. Nuveen Preferred and Income ETF has a 1-year low of $24.71 and a 1-year high of $26.61. The business has a fifty day moving average price of $26.28 and a 200-day moving average price of $26.29.

Nuveen Preferred and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1265 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Monday, February 2nd.

Nuveen Preferred and Income ETF Company Profile

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.