Nuveen Preferred and Income ETF (NASDAQ:NPFI) Shares Shorted: Short Interest Down 51.1% in September

Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 16,191 shares, a decline of 51.1% from the August 31st total of 33,114 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 25,613 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Preferred and Income ETF Stock Down 0.6%

Shares of NPFI stock traded down $0.16 during trading on Thursday, reaching $24.97. 15,219 shares of the company’s stock were exchanged, compared to its average volume of 25,117. Nuveen Preferred and Income ETF has a twelve month low of $21.00 and a twelve month high of $26.61. The firm’s fifty day moving average price is $25.75 and its 200-day moving average price is $25.90.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.1439 per share. The ex-dividend date is Thursday, October 1st. This is a positive change from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1403. This represents a $1.73 annualized dividend and a yield of 6.9%.

Institutional Trading of Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. Bank of New York Mellon Corp bought a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,540 shares of the company’s stock, valued at approximately $107,000. Bank of New York Mellon Corp owned 0.20% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

About Nuveen Preferred and Income ETF

(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.

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