Nuveen Core Plus Impact Fund (NYSE:NPCT) Sees Significant Increase in Short Interest

Nuveen Core Plus Impact Fund (NYSE:NPCT) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 13,314 shares, an increase of 66.3% from the August 15th total of 8,004 shares. Based on an average daily trading volume, of 108,201 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen Core Plus Impact Fund Price Performance

Nuveen Core Plus Impact Fund stock opened at $9.57 on Thursday. The firm’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $10.02. Nuveen Core Plus Impact Fund has a fifty-two week low of $9.52 and a fifty-two week high of $11.09.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0895 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.2%.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Nuveen Core Plus Impact Fund by 3.4% during the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after buying an additional 2,812 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Nuveen Core Plus Impact Fund in the second quarter worth approximately $48,000. Private Advisor Group LLC increased its holdings in Nuveen Core Plus Impact Fund by 20.3% in the first quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock worth $288,000 after buying an additional 4,758 shares during the last quarter. Assetmark Inc. raised its position in Nuveen Core Plus Impact Fund by 8,620.7% during the first quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock valued at $52,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Nuveen Core Plus Impact Fund during the first quarter valued at approximately $66,000.

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.