Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Sees Large Growth in Short Interest

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,710,000 shares, an increase of 27.6% from the February 28th total of 1,340,000 shares. Based on an average trading volume of 987,200 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of large investors have recently bought and sold shares of JPC. Bank of America Corp DE raised its position in shares of Nuveen Preferred & Income Opportunities Fund by 18.7% in the 4th quarter. Bank of America Corp DE now owns 3,796,422 shares of the financial services provider’s stock valued at $29,840,000 after buying an additional 597,716 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth $25,879,000. Commonwealth Equity Services LLC boosted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 3.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,265,127 shares of the financial services provider’s stock valued at $17,804,000 after purchasing an additional 71,343 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 26.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,286,715 shares of the financial services provider’s stock worth $10,114,000 after buying an additional 271,400 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 24.1% during the 4th quarter. Advisors Asset Management Inc. now owns 1,061,879 shares of the financial services provider’s stock worth $8,346,000 after buying an additional 206,491 shares in the last quarter.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.3 %

Shares of NYSE JPC opened at $7.95 on Tuesday. The business has a fifty day moving average price of $7.98 and a two-hundred day moving average price of $8.01. Nuveen Preferred & Income Opportunities Fund has a fifty-two week low of $6.72 and a fifty-two week high of $9.00.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0665 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date of this dividend is Friday, March 14th.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.