Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Grows By 214.5%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 25,884 shares, an increase of 214.5% from the June 30th total of 8,230 shares. Based on an average daily trading volume, of 18,192 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC purchased a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned 2.42% of Nuveen Preferred and Income ETF at the end of the most recent reporting period.

Nuveen Preferred and Income ETF Price Performance

Shares of Nuveen Preferred and Income ETF stock opened at $25.85 on Monday. Nuveen Preferred and Income ETF has a 12-month low of $21.00 and a 12-month high of $26.61. The company’s 50-day moving average price is $26.01 and its 200-day moving average price is $26.09.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, July 1st were issued a dividend of $0.1356 per share. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.