Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Declines By 49.2%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,200 shares, a drop of 49.2% from the October 31st total of 6,300 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Preferred and Income ETF Stock Performance

Shares of NASDAQ NPFI remained flat at $25.87 during midday trading on Thursday. 1,027 shares of the stock traded hands, compared to its average volume of 10,293. Nuveen Preferred and Income ETF has a 1-year low of $24.99 and a 1-year high of $26.15. The business has a fifty day simple moving average of $25.95 and a two-hundred day simple moving average of $25.68.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were paid a $0.1178 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 5.47%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Friday, November 1st.

Nuveen Preferred and Income ETF Company Profile

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.