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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 8,300 shares, an increase of 29.7% from the March 15th total of 6,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 0.9 days.

Nuveen Preferred and Income ETF Price Performance

Nuveen Preferred and Income ETF stock opened at $25.10 on Monday. Nuveen Preferred and Income ETF has a twelve month low of $24.71 and a twelve month high of $26.15. The company’s 50-day moving average price is $25.56 and its two-hundred day moving average price is $25.71.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.1392 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from Nuveen Preferred and Income ETF’s previous dividend of $0.10.

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.