Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 19,121 shares, a drop of 51.3% from the May 14th total of 39,265 shares. Based on an average daily volume of 12,748 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold.
Nuveen Preferred and Income ETF Price Performance
NPFI stock opened at $26.02 on Friday. Nuveen Preferred and Income ETF has a 52 week low of $21.00 and a 52 week high of $26.61. The firm has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $26.14.
Nuveen Preferred and Income ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, June 1st were issued a $0.1221 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, June 1st.
Hedge Funds Weigh In On Nuveen Preferred and Income ETF
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.
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