Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Update

Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,326 shares, a decline of 40.8% from the May 31st total of 19,121 shares. Based on an average trading volume of 12,294 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A number of large investors have recently made changes to their positions in NPFI. Arkadios Wealth Advisors purchased a new position in shares of Nuveen Preferred and Income ETF during the first quarter valued at approximately $223,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Nuveen Preferred and Income ETF in the fourth quarter worth $362,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Nuveen Preferred and Income ETF in the third quarter valued at $1,638,000.

Nuveen Preferred and Income ETF Stock Performance

Shares of Nuveen Preferred and Income ETF stock traded down $0.01 during trading on Friday, reaching $26.02. 6,822 shares of the stock were exchanged, compared to its average volume of 23,779. The stock’s fifty day moving average is $26.04 and its 200 day moving average is $26.11. Nuveen Preferred and Income ETF has a 1 year low of $21.00 and a 1 year high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st were given a dividend of $0.1356 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

About Nuveen Preferred and Income ETF

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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.

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