Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 30,100 shares, a growth of 250.6% from the October 15th total of 8,585 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 28,308 shares, the short-interest ratio is currently 1.1 days.
Nuveen Preferred and Income ETF Stock Performance
Shares of NASDAQ:NPFI traded down $0.02 during trading on Friday, reaching $25.18. 3,181 shares of the company traded hands, compared to its average volume of 24,079. Nuveen Preferred and Income ETF has a 52-week low of $21.00 and a 52-week high of $26.51. The business’s fifty day moving average is $25.28 and its 200-day moving average is $25.84.
Nuveen Preferred and Income ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, November 3rd. Investors of record on Monday, November 2nd were issued a dividend of $0.1464 per share. The ex-dividend date was Monday, November 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 7.0%. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1439.
Institutional Investors Weigh In On Nuveen Preferred and Income ETF
Institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Nuveen Preferred and Income ETF in the third quarter valued at about $177,000. Bank of New York Mellon Corp purchased a new stake in shares of Nuveen Preferred and Income ETF during the second quarter worth about $107,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Nuveen Preferred and Income ETF during the first quarter worth about $223,000.
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.
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