Nuveen Core Plus Impact Fund (NYSE:NPCT) Short Interest Update

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 15,520 shares, a drop of 90.9% from the May 14th total of 169,943 shares. Based on an average daily trading volume, of 144,503 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NPCT. SeaCrest Wealth Management LLC boosted its holdings in Nuveen Core Plus Impact Fund by 6.1% in the third quarter. SeaCrest Wealth Management LLC now owns 44,415 shares of the company’s stock valued at $483,000 after acquiring an additional 2,568 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in Nuveen Core Plus Impact Fund in the fourth quarter valued at approximately $405,000. Virtu Financial LLC bought a new stake in Nuveen Core Plus Impact Fund in the fourth quarter valued at approximately $167,000. Marex Group plc bought a new stake in Nuveen Core Plus Impact Fund in the fourth quarter valued at approximately $124,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Nuveen Core Plus Impact Fund in the third quarter valued at approximately $118,000.

Nuveen Core Plus Impact Fund Stock Down 0.2%

NYSE NPCT traded down $0.02 during trading hours on Wednesday, reaching $9.91. The company’s stock had a trading volume of 85,584 shares, compared to its average volume of 135,957. The firm has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $10.29. Nuveen Core Plus Impact Fund has a 52 week low of $9.78 and a 52 week high of $11.31.

Nuveen Core Plus Impact Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.0895 dividend. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Monday, June 15th.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.