Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Declines By 40.8%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 11,326 shares, a decrease of 40.8% from the May 31st total of 19,121 shares. Based on an average daily trading volume, of 12,294 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in Nuveen Preferred and Income ETF during the 3rd quarter worth approximately $1,638,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Nuveen Preferred and Income ETF in the fourth quarter valued at approximately $362,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Nuveen Preferred and Income ETF during the first quarter valued at approximately $223,000.

Nuveen Preferred and Income ETF Stock Down 0.6%

Shares of Nuveen Preferred and Income ETF stock traded down $0.15 during trading hours on Wednesday, reaching $26.00. The company’s stock had a trading volume of 5,021 shares, compared to its average volume of 23,915. The stock’s fifty day simple moving average is $26.04 and its two-hundred day simple moving average is $26.12. Nuveen Preferred and Income ETF has a one year low of $21.00 and a one year high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, July 1st will be issued a $0.1356 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

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.