Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Sees Significant Growth in Short Interest

Nuveen Core Plus Bond ETF (NASDAQ:NCPB – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 52,427 shares, an increase of 707.3% from the September 15th total of 6,494 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,068 shares, the short-interest ratio is currently 3.3 days.

Hedge Funds Weigh In On Nuveen Core Plus Bond ETF

A hedge fund recently bought a new stake in Nuveen Core Plus Bond ETF stock. Envestnet Asset Management Inc. acquired a new position in shares of Nuveen Core Plus Bond ETF (NASDAQ:NCPB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,993 shares of the company’s stock, valued at approximately $225,000. Envestnet Asset Management Inc. owned approximately 0.40% of Nuveen Core Plus Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Nuveen Core Plus Bond ETF Trading Up 0.1%

NASDAQ:NCPB opened at $23.82 on Friday. Nuveen Core Plus Bond ETF has a 1 year low of $23.64 and a 1 year high of $25.74. The firm has a 50 day moving average of $24.31 and a 200-day moving average of $24.69.

Nuveen Core Plus Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, October 1st were issued a dividend of $0.1032 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.24 dividend on an annualized basis and a yield of 5.2%. This is a negative change from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.1033.

About Nuveen Core Plus Bond ETF

(Get Free Report)

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.

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