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

Nuveen Core Plus Bond ETF (NASDAQ:NCPB) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,044 shares, a growth of 115.4% from the August 15th total of 949 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 19,104 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new stake in Nuveen Core Plus Bond ETF during the fourth quarter valued at about $36,000. Jane Street Group LLC increased its position in shares of Nuveen Core Plus Bond ETF by 15.0% during the 4th quarter. Jane Street Group LLC now owns 9,171 shares of the company’s stock valued at $232,000 after purchasing an additional 1,195 shares during the last quarter. Ausdal Financial Partners Inc. bought a new position in shares of Nuveen Core Plus Bond ETF during the 4th quarter valued at about $559,000. Citadel Advisors LLC raised its holdings in shares of Nuveen Core Plus Bond ETF by 3.1% during the 3rd quarter. Citadel Advisors LLC now owns 42,509 shares of the company’s stock valued at $1,079,000 after buying an additional 1,287 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of Nuveen Core Plus Bond ETF during the 3rd quarter valued at about $1,557,000.

Nuveen Core Plus Bond ETF Price Performance

Nuveen Core Plus Bond ETF stock remained flat at $24.25 during mid-day trading on Monday. 97,668 shares of the company’s stock traded hands, compared to its average volume of 6,036. Nuveen Core Plus Bond ETF has a twelve month low of $24.21 and a twelve month high of $25.74. The business’s 50 day moving average price is $24.60 and its two-hundred day moving average price is $24.87.

Nuveen Core Plus Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, September 1st were given a dividend of $0.1033 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.1%.

Nuveen Core Plus Bond ETF Company Profile

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.