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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 25,884 shares, an increase of 214.5% from the June 30th total of 8,230 shares. Based on an average daily volume of 18,192 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

Nuveen Preferred and Income ETF Price Performance

Shares of NASDAQ NPFI opened at $25.89 on Wednesday. The stock has a fifty day simple moving average of $26.01 and a two-hundred day simple moving average of $26.08. Nuveen Preferred and Income ETF has a 1-year low of $21.00 and a 1-year high of $26.61.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, July 1st were given a dividend of $0.1356 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

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.