Nuveen Preferred and Income ETF (NASDAQ:NPFI) Shares Shorted: Short Interest Up 250.6% in October

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 30,100 shares, a growth of 250.6% from the October 15th total of 8,585 shares. Based on an average trading volume of 28,308 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in Nuveen Preferred and Income ETF in the 2nd quarter worth approximately $107,000. Arkadios Wealth Advisors acquired a new stake in Nuveen Preferred and Income ETF during the first quarter valued at approximately $223,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in Nuveen Preferred and Income ETF during the third quarter worth $177,000.

Nuveen Preferred and Income ETF Stock Performance

Shares of NASDAQ NPFI traded down $0.08 during midday trading on Thursday, reaching $25.20. 10,493 shares of the company were exchanged, compared to its average volume of 24,175. The stock has a fifty day simple moving average of $25.29 and a 200 day simple moving average of $25.85. Nuveen Preferred and Income ETF has a 1 year low of $21.00 and a 1 year high of $26.51.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 3rd. Stockholders of record on Monday, November 2nd were issued a dividend of $0.1464 per share. This represents a $1.76 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Monday, November 2nd. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1439.

About Nuveen Preferred and Income ETF

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.