Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Sees Large Decline in Short Interest

Nuveen Core Plus Bond ETF (NASDAQ:NCPB) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 2,478 shares, a decline of 26.1% from the December 31st total of 3,354 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,399 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 1,399 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.1% of the company’s stock are short sold.

Nuveen Core Plus Bond ETF Stock Performance

Shares of Nuveen Core Plus Bond ETF stock traded up $0.01 on Friday, hitting $25.36. The company had a trading volume of 2,662 shares, compared to its average volume of 3,673. Nuveen Core Plus Bond ETF has a 1 year low of $24.25 and a 1 year high of $25.74. The stock has a 50 day moving average of $25.32 and a 200-day moving average of $25.26.

Nuveen Core Plus Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were paid a $0.1363 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Thursday, December 18th. This is a boost from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.10.

Institutional Investors Weigh In On Nuveen Core Plus Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in Nuveen Core Plus Bond ETF by 416.8% during the 2nd quarter. Jane Street Group LLC now owns 113,600 shares of the company’s stock valued at $2,854,000 after acquiring an additional 91,620 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Nuveen Core Plus Bond ETF during the 3rd quarter valued at $1,557,000. CWM LLC increased its stake in Nuveen Core Plus Bond ETF by 38,472.2% in the 2nd quarter. CWM LLC now owns 58,244 shares of the company’s stock worth $1,463,000 after purchasing an additional 58,093 shares during the period. Daymark Wealth Partners LLC increased its position in shares of Nuveen Core Plus Bond ETF by 3.3% in the third quarter. Daymark Wealth Partners LLC now owns 497,841 shares of the company’s stock valued at $12,633,000 after acquiring an additional 15,830 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Nuveen Core Plus Bond ETF during the second quarter valued at approximately $248,000.

Nuveen Core Plus Bond ETF Company Profile

The Nuveen Core Plus Bond ETF (NCPB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is active, investing in a diversified mix of high-quality and below investment grade securities to optimize returns and manage risks. NCPB was launched on Mar 5, 2024 and is issued by Nuveen.