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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 80,316 shares, an increase of 2,622.6% from the March 31st total of 2,950 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 14,488 shares, the days-to-cover ratio is currently 5.5 days.

Institutional Trading of Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB bought a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Nuveen Preferred and Income ETF Stock Performance

Shares of NPFI opened at $26.17 on Friday. The stock’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $26.22. Nuveen Preferred and Income ETF has a 1 year low of $21.00 and a 1 year high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

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

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.