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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 43,630 shares, a drop of 45.7% from the April 15th total of 80,316 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,244 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds 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) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Nuveen Preferred and Income ETF Stock Performance

NASDAQ NPFI traded down $0.07 during trading on Friday, hitting $25.95. 3,662 shares of the stock traded hands, compared to its average volume of 28,125. The firm has a 50-day simple moving average of $25.96 and a 200-day simple moving average of $26.19. Nuveen Preferred and Income ETF has a 12-month low of $21.00 and a 12-month high of $26.61.

Nuveen Preferred and Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, May 1st were issued a dividend of $0.1348 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, May 1st.

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.