Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Large Growth in Short Interest

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 31,760 shares, a growth of 69.4% from the July 30th total of 18,744 shares. Based on an average trading volume of 17,006 shares, the short-interest ratio is presently 1.9 days. Currently, 0.5% of the company’s shares are short sold.

Nuveen Preferred and Income ETF Price Performance

NPFI traded down $0.01 during trading hours on Monday, reaching $25.93. 6,259 shares of the company’s stock traded hands, compared to its average volume of 21,936. The firm has a 50-day moving average price of $25.96 and a 200 day moving average price of $26.01. Nuveen Preferred and Income ETF has a 52-week low of $21.00 and a 52-week high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were paid a $0.1349 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Trading of Nuveen Preferred and Income ETF

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in Nuveen Preferred and Income ETF in the 2nd quarter worth about $107,000. Arkadios Wealth Advisors purchased a new stake in Nuveen Preferred and Income ETF in the 1st quarter valued at about $223,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Nuveen Preferred and Income ETF in the 3rd quarter valued at about $1,638,000.

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.