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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 80,316 shares, an increase of 2,622.6% from the March 31st total of 2,950 shares. Based on an average trading volume of 14,488 shares, the days-to-cover ratio is currently 5.5 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB bought a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned about 0.28% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

Nuveen Preferred and Income ETF Stock Up 0.3%

NASDAQ:NPFI traded up $0.07 during mid-day trading on Friday, reaching $26.17. 6,503 shares of the company were exchanged, compared to its average volume of 27,360. Nuveen Preferred and Income ETF has a 12 month low of $21.00 and a 12 month high of $26.61. The company has a fifty day moving average of $26.04 and a 200 day moving average of $26.22.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.1288 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

About Nuveen Preferred and Income ETF

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.