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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,438 shares, an increase of 1,338.0% from the January 29th total of 100 shares. Based on an average daily trading volume, of 16,093 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 16,093 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen Preferred and Income ETF Price Performance

NPFI opened at $26.44 on Thursday. The stock’s 50 day moving average price is $26.30 and its 200-day moving average price is $26.31. Nuveen Preferred and Income ETF has a 52-week low of $24.71 and a 52-week high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Monday, February 2nd were issued a $0.1265 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.7%.

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 acquired a new position in Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned 0.28% of Nuveen Preferred and Income ETF at the end of the most recent reporting period.

About Nuveen Preferred and Income ETF

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.