Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Declines By 87.1%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,950 shares, a drop of 87.1% from the March 15th total of 22,795 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 15,114 shares, the short-interest ratio is presently 0.2 days.

Nuveen Preferred and Income ETF Price Performance

NPFI traded up $0.02 during midday trading on Friday, hitting $26.03. 3,655 shares of the company were exchanged, compared to its average volume of 26,686. The company’s 50 day simple moving average is $26.08 and its 200 day simple moving average is $26.24. Nuveen Preferred and Income ETF has a 1-year low of $24.90 and a 1-year high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Wednesday, April 1st were given a dividend of $0.1288 per share. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned 0.28% of Nuveen Preferred and Income ETF as of its most recent SEC filing.

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.