Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Sees Significant Growth in Short Interest

Nuveen Core Plus Bond ETF (NASDAQ:NCPB – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 52,427 shares, an increase of 707.3% from the September 15th total of 6,494 shares. Based on an average daily trading volume, of 16,068 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.3% of the company’s shares are short sold.

Nuveen Core Plus Bond ETF Price Performance

NCPB stock opened at $23.82 on Friday. Nuveen Core Plus Bond ETF has a twelve month low of $23.64 and a twelve month high of $25.74. The business’s fifty day moving average is $24.31 and its 200-day moving average is $24.69.

Nuveen Core Plus Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st were paid a $0.1032 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.1033. This represents a $1.24 annualized dividend and a yield of 5.2%.

Hedge Funds Weigh In On Nuveen Core Plus Bond ETF

A hedge fund recently bought a new position in Nuveen Core Plus Bond ETF stock. Envestnet Asset Management Inc. purchased a new stake in Nuveen Core Plus Bond ETF (NASDAQ:NCPB – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,993 shares of the company’s stock, valued at approximately $225,000. Envestnet Asset Management Inc. owned about 0.40% of Nuveen Core Plus Bond ETF at the end of the most recent reporting period.

Nuveen Core Plus Bond ETF Company Profile

(Get Free Report)

The Nuveen Core Plus Bond ETF (NCPB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is active, investing in a diversified mix of high-quality and below investment grade securities to optimize returns and manage risks. NCPB was launched on Mar 5, 2024 and is issued by Nuveen.

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