Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Sees Large Decrease in Short Interest

Nuveen Core Plus Bond ETF (NASDAQ:NCPB) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,700 shares, a decline of 18.9% from the February 28th total of 9,500 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 3.0 days.

Institutional Trading of Nuveen Core Plus Bond ETF

A number of large investors have recently bought and sold shares of NCPB. Joseph Group Capital Management acquired a new stake in shares of Nuveen Core Plus Bond ETF during the fourth quarter worth about $162,000. JPMorgan Chase & Co. lifted its position in Nuveen Core Plus Bond ETF by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 304,492 shares of the company’s stock worth $7,897,000 after acquiring an additional 45,570 shares during the period. Finally, Daymark Wealth Partners LLC grew its stake in shares of Nuveen Core Plus Bond ETF by 14.0% in the 4th quarter. Daymark Wealth Partners LLC now owns 548,307 shares of the company’s stock valued at $13,546,000 after purchasing an additional 67,477 shares during the last quarter.

Nuveen Core Plus Bond ETF Stock Performance

NASDAQ NCPB remained flat at $25.07 on Wednesday. The company’s stock had a trading volume of 2,153 shares, compared to its average volume of 4,621. Nuveen Core Plus Bond ETF has a one year low of $24.40 and a one year high of $26.08. The company’s 50-day moving average is $24.99 and its 200-day moving average is $25.14.

Nuveen Core Plus Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st will be given a $0.1154 dividend. This is an increase from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date is Tuesday, April 1st. This represents a $1.38 annualized dividend and a yield of 5.52%.

About Nuveen Core Plus Bond ETF

The Nuveen Core Plus Bond ETF (NCPB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is active, investing in a diversified mix of high-quality and below investment grade securities to optimize returns and manage risks. NCPB was launched on Mar 5, 2024 and is issued by Nuveen.