Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Up 214.5% in July

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 25,884 shares, a growth of 214.5% from the June 30th total of 8,230 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 18,192 shares, the days-to-cover ratio is presently 1.4 days.

Nuveen Preferred and Income ETF Price Performance

Shares of Nuveen Preferred and Income ETF stock opened at $25.85 on Monday. Nuveen Preferred and Income ETF has a 52-week low of $21.00 and a 52-week high of $26.61. The company has a fifty day moving average of $26.01 and a 200-day moving average of $26.09.

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 paid a $0.1356 dividend. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC acquired a new position in Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned 2.42% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

Nuveen Preferred and Income ETF Company Profile

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.