Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Increases By 144.3%

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 22,795 shares, an increase of 144.3% from the February 26th total of 9,332 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 16,959 shares, the days-to-cover ratio is presently 1.3 days.

Nuveen Preferred and Income ETF Stock Performance

NASDAQ NPFI opened at $25.78 on Thursday. The company’s fifty day moving average is $26.21 and its two-hundred day moving average is $26.29. Nuveen Preferred and Income ETF has a 52-week low of $24.71 and a 52-week high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Monday, March 2nd were paid a $0.1165 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On 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 purchased a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFIFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned approximately 0.28% of Nuveen Preferred and Income ETF as of its most recent SEC filing.

About Nuveen Preferred and Income ETF

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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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