Short Interest in Nuveen Core Plus Impact Fund (NYSE:NPCT) Decreases By 90.9%

Nuveen Core Plus Impact Fund (NYSE:NPCT) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 15,520 shares, a drop of 90.9% from the May 14th total of 169,943 shares. Based on an average daily volume of 144,503 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NPCT. Geneos Wealth Management Inc. bought a new stake in shares of Nuveen Core Plus Impact Fund during the 1st quarter worth $49,000. Assetmark Inc. raised its stake in shares of Nuveen Core Plus Impact Fund by 8,620.7% during the 1st quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock worth $52,000 after purchasing an additional 5,000 shares during the period. Fifth Third Bancorp bought a new stake in shares of Nuveen Core Plus Impact Fund during the 1st quarter worth $66,000. Global Retirement Partners LLC bought a new stake in shares of Nuveen Core Plus Impact Fund during the 4th quarter worth $92,000. Finally, US Bancorp DE bought a new stake in shares of Nuveen Core Plus Impact Fund during the 3rd quarter worth $101,000.

Nuveen Core Plus Impact Fund Stock Performance

Shares of NPCT stock traded up $0.05 during trading on Tuesday, hitting $9.87. The company’s stock had a trading volume of 128,876 shares, compared to its average volume of 136,420. The business has a fifty day moving average of $10.23 and a 200-day moving average of $10.29. Nuveen Core Plus Impact Fund has a 52 week low of $9.78 and a 52 week high of $11.31.

Nuveen Core Plus Impact Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.0895 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 10.9%.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.