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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 31,760 shares, a growth of 69.4% from the July 30th total of 18,744 shares. Based on an average trading volume of 17,006 shares, the short-interest ratio is currently 1.9 days. Currently, 0.5% of the company’s stock are sold short.

Nuveen Preferred and Income ETF Price Performance

Shares of NPFI stock opened at $25.74 on Wednesday. The stock’s 50-day simple moving average is $25.95 and its 200-day simple moving average is $26.01. Nuveen Preferred and Income ETF has a fifty-two week low of $21.00 and a fifty-two week high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st will be paid a $0.1403 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 6.5%. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of NPFI. Bank of New York Mellon Corp purchased a new stake in shares of Nuveen Preferred and Income ETF in the 2nd quarter valued at $107,000. Arkadios Wealth Advisors purchased a new position in Nuveen Preferred and Income ETF in the first quarter valued at $223,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Nuveen Preferred and Income ETF in the third quarter valued at $1,638,000.

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.