Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Large Growth in Short Interest

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 31,760 shares, a growth of 69.4% from the July 30th total of 18,744 shares. Based on an average daily trading volume, of 17,006 shares, the short-interest ratio is presently 1.9 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

Large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors purchased a new stake in Nuveen Preferred and Income ETF in the 1st quarter worth about $223,000. Bank of New York Mellon Corp bought a new stake in Nuveen Preferred and Income ETF in the second quarter worth about $107,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Nuveen Preferred and Income ETF in the third quarter worth about $1,638,000.

Nuveen Preferred and Income ETF Stock Down 0.0%

NASDAQ NPFI traded down $0.01 on Monday, hitting $25.93. 6,259 shares of the stock were exchanged, compared to its average volume of 21,936. The stock has a fifty day moving average price of $25.96 and a two-hundred day moving average price of $26.01. Nuveen Preferred and Income ETF has a 52-week low of $21.00 and a 52-week high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Monday, August 3rd were issued a $0.1349 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Monday, August 3rd.

Nuveen Preferred and Income ETF Company Profile

(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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