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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 8,585 shares, a drop of 54.9% from the September 30th total of 19,021 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 11,956 shares, the short-interest ratio is currently 0.7 days.

Nuveen Preferred and Income ETF Stock Down 0.0%

Shares of NASDAQ NPFI traded down $0.00 during mid-day trading on Friday, hitting $25.23. The company had a trading volume of 5,966 shares, compared to its average volume of 24,628. The business’s 50-day simple moving average is $25.41 and its 200 day simple moving average is $25.90. Nuveen Preferred and Income ETF has a 1-year low of $21.00 and a 1-year high of $26.54.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, October 1st were issued a dividend of $0.1439 per share. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1403. This represents a $1.73 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Trading of Nuveen Preferred and Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Nuveen Preferred and Income ETF during the third quarter valued at $177,000. Arkadios Wealth Advisors purchased a new position in Nuveen Preferred and Income ETF during the first quarter worth approximately $223,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Nuveen Preferred and Income ETF in the 2nd quarter worth about $107,000.

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.