Nuveen Preferred and Income ETF (NASDAQ:NPFI) Sees Significant Decrease in Short Interest

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,522 shares, a decrease of 94.0% from the December 31st total of 25,226 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 15,295 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 15,295 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Nuveen Preferred and Income ETF Price Performance

NPFI stock remained flat at $26.35 during midday trading on Tuesday. The company’s stock had a trading volume of 8,589 shares, compared to its average volume of 11,529. Nuveen Preferred and Income ETF has a twelve month low of $24.71 and a twelve month high of $26.61. The company’s 50-day moving average price is $26.28 and its two-hundred day moving average price is $26.26.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were paid a dividend of $0.243 per share. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, December 18th. This represents a c) annualized dividend and a dividend yield of 11.1%.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB bought a new position in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned approximately 0.28% of Nuveen Preferred and Income ETF at the end of the most recent reporting period.

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.