Nuveen Preferred and Income ETF (NASDAQ:NPFI) Stock Short Interest Declines 54.9%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 8,585 shares, a decrease of 54.9% from the September 30th total of 19,021 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,956 shares, the short-interest ratio is currently 0.7 days.

Nuveen Preferred and Income ETF Price Performance

Shares of Nuveen Preferred and Income ETF stock remained flat at $25.23 during midday trading on Friday. The stock had a trading volume of 7,190 shares, compared to its average volume of 24,642. Nuveen Preferred and Income ETF has a 1-year low of $21.00 and a 1-year high of $26.54. The company’s fifty day simple moving average is $25.40 and its 200-day simple moving average is $25.89.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st were given a dividend of $0.1439 per share. This represents a $1.73 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Thursday, October 1st. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1403.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

A number of large investors have recently made changes to their positions in NPFI. Bank of New York Mellon Corp acquired a new stake in shares of Nuveen Preferred and Income ETF during the second quarter worth approximately $107,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Nuveen Preferred and Income ETF during the 3rd quarter valued at $177,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Nuveen Preferred and Income ETF during the 1st quarter valued at $223,000.

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.