Nuveen Preferred and Income Term Fund (NYSE:JPI) Short Interest Update

Nuveen Preferred and Income Term Fund (NYSE:JPI) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 11,000 shares, a decrease of 76.4% from the December 15th total of 46,700 shares. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Preferred and Income Term Fund Stock Up 0.1 %

Shares of NYSE:JPI traded up $0.02 during midday trading on Monday, hitting $19.78. The company had a trading volume of 20,703 shares, compared to its average volume of 22,658. Nuveen Preferred and Income Term Fund has a 12 month low of $18.26 and a 12 month high of $21.42. The firm has a fifty day simple moving average of $20.28 and a 200 day simple moving average of $20.18.

Nuveen Preferred and Income Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.166 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.99 annualized dividend and a dividend yield of 10.07%.

Institutional Trading of Nuveen Preferred and Income Term Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of Nuveen Preferred and Income Term Fund during the second quarter worth $717,000. International Assets Investment Management LLC grew its position in shares of Nuveen Preferred and Income Term Fund by 1,982.1% in the 3rd quarter. International Assets Investment Management LLC now owns 77,809 shares of the company’s stock valued at $1,620,000 after purchasing an additional 74,072 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Nuveen Preferred and Income Term Fund by 7.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 85,062 shares of the company’s stock valued at $1,801,000 after purchasing an additional 5,672 shares during the period. Envestnet Asset Management Inc. increased its stake in Nuveen Preferred and Income Term Fund by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 348,709 shares of the company’s stock worth $6,782,000 after purchasing an additional 9,093 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Nuveen Preferred and Income Term Fund by 2.3% during the 2nd quarter. Truist Financial Corp now owns 433,679 shares of the company’s stock worth $8,435,000 after buying an additional 9,619 shares during the period.

Nuveen Preferred and Income Term Fund Company Profile

Nuveen Preferred and Income Term Fund is a close ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies that are operating in financial services sectors such as bank, insurance, REITs, and utility companies.