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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 100 shares, a drop of 93.4% from the January 15th total of 1,522 shares. Based on an average daily trading volume, of 8,450 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 8,450 shares, the short-interest ratio is presently 0.0 days.

Nuveen Preferred and Income ETF Price Performance

Shares of NPFI stock traded down $0.03 during trading hours on Thursday, hitting $26.31. 35,465 shares of the company’s stock traded hands, compared to its average volume of 13,440. The stock’s 50 day simple moving average is $26.28 and its 200 day simple moving average is $26.29. Nuveen Preferred and Income ETF has a 12 month low of $24.71 and a 12 month high of $26.61.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Monday, February 2nd were given a dividend of $0.1265 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.8%.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC bought a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned approximately 2.42% of Nuveen Preferred and Income ETF as of its most recent SEC filing.

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.