Nuveen Preferred and Income ETF (NASDAQ:NPFI) Stock Short Interest Report for October

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 8,585 shares, a decrease of 54.9% from the September 30th total of 19,021 shares. Based on an average daily trading volume, of 11,956 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB acquired a new position in Nuveen Preferred and Income ETF in the 3rd quarter worth about $177,000. Arkadios Wealth Advisors acquired a new stake in shares of Nuveen Preferred and Income ETF in the first quarter valued at about $223,000. Finally, Bank of New York Mellon Corp purchased a new position in Nuveen Preferred and Income ETF in the 2nd quarter worth approximately $107,000.

Nuveen Preferred and Income ETF Price Performance

Shares of NPFI stock traded down $0.00 during mid-day trading on Friday, hitting $25.23. The stock had a trading volume of 5,966 shares, compared to its average volume of 24,628. The firm’s 50-day moving average is $25.41 and its two-hundred day moving average is $25.90. Nuveen Preferred and Income ETF has a 12-month low of $21.00 and a 12-month high of $26.54.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st were paid a $0.1439 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 6.8%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1403. The ex-dividend date was Thursday, October 1st.

Nuveen Preferred and Income ETF Company Profile

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.