Nuveen Core Plus Impact Fund (NYSE:NPCT) Short Interest Up 80.6% in June

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 28,031 shares, an increase of 80.6% from the May 31st total of 15,520 shares. Based on an average daily trading volume, of 124,754 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Core Plus Impact Fund Trading Down 0.6%

Shares of NYSE NPCT opened at $10.07 on Thursday. Nuveen Core Plus Impact Fund has a 1 year low of $9.78 and a 1 year high of $11.31. The company’s 50-day moving average is $10.11 and its 200 day moving average is $10.23.

Nuveen Core Plus Impact Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.0895 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On Nuveen Core Plus Impact Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in shares of Nuveen Core Plus Impact Fund during the first quarter valued at $49,000. Assetmark Inc. increased its holdings in Nuveen Core Plus Impact Fund by 8,620.7% in the 1st quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock worth $52,000 after buying an additional 5,000 shares in the last quarter. Fifth Third Bancorp purchased a new position in Nuveen Core Plus Impact Fund in the 1st quarter worth about $66,000. Global Retirement Partners LLC purchased a new position in Nuveen Core Plus Impact Fund in the 4th quarter worth about $92,000. Finally, US Bancorp DE bought a new position in Nuveen Core Plus Impact Fund during the 3rd quarter valued at about $101,000.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.