Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Decreases By 51.3%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 19,121 shares, a decline of 51.3% from the May 14th total of 39,265 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 12,748 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors purchased a new position in Nuveen Preferred and Income ETF during the first quarter worth $223,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Nuveen Preferred and Income ETF during the fourth quarter valued at $362,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Nuveen Preferred and Income ETF during the third quarter valued at $1,638,000.

Nuveen Preferred and Income ETF Stock Up 0.1%

NASDAQ NPFI traded up $0.03 on Monday, hitting $26.05. 11,441 shares of the stock were exchanged, compared to its average volume of 25,353. The stock has a fifty day moving average price of $26.02 and a two-hundred day moving average price of $26.14. Nuveen Preferred and Income ETF has a 52-week low of $21.00 and a 52-week high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st were paid a dividend of $0.1221 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, June 1st.

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.