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
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.
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