Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Update

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 19,121 shares, a decrease of 51.3% from the May 14th total of 39,265 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 12,748 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A number of institutional investors have recently added to or reduced their stakes in NPFI. Integrated Wealth Concepts LLC acquired a new stake in shares of Nuveen Preferred and Income ETF during the 3rd quarter valued at $1,638,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Nuveen Preferred and Income ETF during the 4th quarter valued at $362,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Nuveen Preferred and Income ETF during the 1st quarter valued at $223,000.

Nuveen Preferred and Income ETF Stock Performance

NPFI traded down $0.02 during trading on Friday, reaching $26.02. The stock had a trading volume of 8,940 shares, compared to its average volume of 25,478. Nuveen Preferred and Income ETF has a 1-year low of $21.00 and a 1-year high of $26.61. The stock has a 50 day moving average of $26.02 and a two-hundred day moving average of $26.14.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st were given a $0.1221 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, June 1st.

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.