Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Short Interest Down 53.2% in March

Nuveen Core Plus Bond ETF (NASDAQ:NCPB) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,600 shares, a decrease of 53.2% from the March 15th total of 7,700 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the company’s stock are short sold.

Nuveen Core Plus Bond ETF Stock Up 0.2 %

Nuveen Core Plus Bond ETF stock traded up $0.04 during midday trading on Wednesday, reaching $24.65. The company’s stock had a trading volume of 995 shares, compared to its average volume of 4,810. The business has a 50-day simple moving average of $24.96 and a 200-day simple moving average of $25.05. Nuveen Core Plus Bond ETF has a fifty-two week low of $24.25 and a fifty-two week high of $26.08.

Nuveen Core Plus Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st were paid a dividend of $0.1154 per share. This is a boost from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.38 annualized dividend and a yield of 5.62%.

Hedge Funds Weigh In On Nuveen Core Plus Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Joseph Group Capital Management purchased a new stake in shares of Nuveen Core Plus Bond ETF during the 4th quarter worth approximately $162,000. JPMorgan Chase & Co. raised its stake in Nuveen Core Plus Bond ETF by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 304,492 shares of the company’s stock worth $7,897,000 after acquiring an additional 45,570 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in Nuveen Core Plus Bond ETF by 14.0% in the fourth quarter. Daymark Wealth Partners LLC now owns 548,307 shares of the company’s stock valued at $13,546,000 after acquiring an additional 67,477 shares during the last quarter.

About Nuveen Core Plus Bond ETF

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.