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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 16,191 shares, a decline of 51.1% from the August 31st total of 33,114 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 25,613 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Preferred and Income ETF Price Performance

NASDAQ NPFI traded down $0.02 on Tuesday, hitting $25.23. 407,514 shares of the stock traded hands, compared to its average volume of 24,994. The business’s fifty day moving average is $25.78 and its two-hundred day moving average is $25.91. Nuveen Preferred and Income ETF has a 12 month low of $21.00 and a 12 month high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st were issued a $0.1403 dividend. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1349. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 6.7%.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new position in Nuveen Preferred and Income ETF stock. Bank of New York Mellon Corp purchased a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,540 shares of the company’s stock, valued at approximately $107,000. Bank of New York Mellon Corp owned 0.20% of Nuveen Preferred and Income ETF as of its most recent SEC filing.

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.