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

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet 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

A number of hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Preferred and Income ETF in the third quarter valued at approximately $1,638,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Nuveen Preferred and Income ETF in the fourth quarter worth approximately $362,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Nuveen Preferred and Income ETF during the first quarter worth approximately $223,000.

Nuveen Preferred and Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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