Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 8,585 shares, a decline of 54.9% from the September 30th total of 19,021 shares. Based on an average daily volume of 11,956 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in Nuveen Preferred and Income ETF in the 2nd quarter worth $107,000. Arkadios Wealth Advisors bought a new position in shares of Nuveen Preferred and Income ETF in the first quarter worth about $223,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in shares of Nuveen Preferred and Income ETF during the 3rd quarter valued at about $177,000.
Nuveen Preferred and Income ETF Stock Performance
NPFI stock remained flat at $25.23 during trading on Friday. 7,190 shares of the company traded hands, compared to its average volume of 24,642. Nuveen Preferred and Income ETF has a one year low of $21.00 and a one year high of $26.54. The stock has a 50-day simple moving average of $25.40 and a 200 day simple moving average of $25.89.
Nuveen Preferred and Income ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, October 1st were issued a dividend of $0.1439 per share. This represents a $1.73 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1403.
Nuveen Preferred and Income ETF Company Profile
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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