Nuveen Preferred and Income ETF (NASDAQ:NPFI) Stock Short Interest Falls 51.1%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 16,191 shares, a decrease of 51.1% from the August 31st total of 33,114 shares. Based on an average daily trading volume, of 25,613 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

An institutional investor recently bought a new stake in Nuveen Preferred and Income ETF stock. Bank of New York Mellon Corp acquired a new stake in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,540 shares of the company’s stock, valued at approximately $107,000. Bank of New York Mellon Corp owned approximately 0.20% of Nuveen Preferred and Income ETF at the end of the most recent reporting period.

Nuveen Preferred and Income ETF Price Performance

Shares of NPFI stock traded down $0.10 during trading hours on Wednesday, reaching $25.13. 58,187 shares of the stock were exchanged, compared to its average volume of 25,171. 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 $25.76 and its 200-day moving average price is $25.91.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, September 1st were given a dividend of $0.1403 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.7%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1349. The ex-dividend date was Tuesday, September 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.