Short Interest in Nuveen Preferred and Income ETF (NASDAQ:NPFI) Drops By 24.7%

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 6,400 shares, a decline of 24.7% from the February 28th total of 8,500 shares. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Nuveen Preferred and Income ETF Stock Down 0.0 %

Nuveen Preferred and Income ETF stock traded down $0.00 during mid-day trading on Monday, reaching $25.74. 604 shares of the company were exchanged, compared to its average volume of 7,339. Nuveen Preferred and Income ETF has a 12-month low of $24.99 and a 12-month high of $26.15. The business has a fifty day moving average of $25.75 and a 200 day moving average of $25.81.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were issued a $0.1205 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.10. This represents a $1.45 dividend on an annualized basis and a yield of 5.62%.

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.