Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Short Interest Update

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 753,000 shares, a growth of 22.8% from the September 30th total of 613,200 shares. Based on an average daily volume of 1,074,500 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen Preferred & Income Opportunities Fund Price Performance

Shares of NYSE JPC traded up $0.01 during midday trading on Wednesday, hitting $7.98. 506,303 shares of the company’s stock traded hands, compared to its average volume of 961,039. The firm has a fifty day moving average of $8.00 and a 200 day moving average of $7.58. Nuveen Preferred & Income Opportunities Fund has a 1 year low of $6.04 and a 1 year high of $8.24.

Nuveen Preferred & Income Opportunities Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.067 per share. This is a boost from Nuveen Preferred & Income Opportunities Fund’s previous monthly dividend of $0.07. This represents a $0.80 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new stake in Nuveen Preferred & Income Opportunities Fund in the second quarter worth about $26,000. Sunbelt Securities Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 1st quarter valued at $34,000. Pacific Wealth Strategies Group Inc. purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the first quarter worth about $72,000. Certified Advisory Corp bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter valued at approximately $75,000. Finally, PSI Advisors LLC raised its stake in Nuveen Preferred & Income Opportunities Fund by 66.4% during the 2nd quarter. PSI Advisors LLC now owns 10,816 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 4,316 shares during the period.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.