Short Interest in Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Rises By 5.5%

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,110,000 shares, a growth of 5.5% from the December 31st total of 2,000,000 shares. Based on an average trading volume of 987,700 shares, the short-interest ratio is currently 2.1 days.

Nuveen Preferred & Income Opportunities Fund Stock Performance

Nuveen Preferred & Income Opportunities Fund stock opened at $8.01 on Tuesday. Nuveen Preferred & Income Opportunities Fund has a 52-week low of $6.72 and a 52-week high of $8.24. The firm has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $7.94.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were given a dividend of $0.0665 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.80 annualized dividend and a dividend yield of 9.97%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several large investors have recently modified their holdings of JPC. Raymond James & Associates increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 8.0% during the third quarter. Raymond James & Associates now owns 2,562,498 shares of the financial services provider’s stock valued at $20,679,000 after acquiring an additional 190,036 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Nuveen Preferred & Income Opportunities Fund by 5.2% in the third quarter. Capital Investment Advisors LLC now owns 1,069,296 shares of the financial services provider’s stock valued at $8,629,000 after acquiring an additional 53,059 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Preferred & Income Opportunities Fund by 12.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 918,156 shares of the financial services provider’s stock worth $7,410,000 after acquiring an additional 98,740 shares during the period. Advisors Asset Management Inc. grew its stake in Nuveen Preferred & Income Opportunities Fund by 24.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 855,388 shares of the financial services provider’s stock valued at $6,903,000 after buying an additional 167,337 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Nuveen Preferred & Income Opportunities Fund by 19.3% in the 3rd quarter. Captrust Financial Advisors now owns 844,947 shares of the financial services provider’s stock worth $6,819,000 after purchasing an additional 136,709 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.