Short Interest in Nuveen Core Plus Impact Fund (NYSE:NPCT) Increases By 69.4%

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 76,228 shares, an increase of 69.4% from the June 30th total of 45,002 shares. Based on an average daily volume of 98,080 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Nuveen Core Plus Impact Fund by 3.4% in the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock worth $874,000 after purchasing an additional 2,812 shares in the last quarter. Petra Financial Advisors Inc. purchased a new stake in Nuveen Core Plus Impact Fund during the 1st quarter worth approximately $102,000. Assetmark Inc. increased its stake in Nuveen Core Plus Impact Fund by 8,620.7% during the 1st quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock valued at $52,000 after purchasing an additional 5,000 shares in the last quarter. Fifth Third Bancorp acquired a new position in Nuveen Core Plus Impact Fund during the 1st quarter valued at approximately $66,000. Finally, Private Advisor Group LLC raised its holdings in shares of Nuveen Core Plus Impact Fund by 20.3% in the first quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock worth $288,000 after buying an additional 4,758 shares during the last quarter.

Nuveen Core Plus Impact Fund Stock Performance

Shares of NPCT stock opened at $9.72 on Friday. Nuveen Core Plus Impact Fund has a 1-year low of $9.68 and a 1-year high of $11.12. The stock’s fifty day moving average price is $9.91 and its 200 day moving average price is $10.18.

Nuveen Core Plus Impact Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.0895 dividend. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.