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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,210,000 shares, an increase of 60.7% from the October 15th total of 753,000 shares. Based on an average daily volume of 1,037,600 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in Nuveen Preferred & Income Opportunities Fund by 8.0% during the 3rd quarter. Raymond James & Associates now owns 2,562,498 shares of the financial services provider’s stock worth $20,679,000 after acquiring an additional 190,036 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 18.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,093,860 shares of the financial services provider’s stock valued at $15,641,000 after buying an additional 330,439 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Nuveen Preferred & Income Opportunities Fund by 5.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 1,069,296 shares of the financial services provider’s stock worth $8,629,000 after buying an additional 53,059 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen Preferred & Income Opportunities Fund by 12.1% in 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 buying an additional 98,740 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Nuveen Preferred & Income Opportunities Fund by 24.3% during the third quarter. Advisors Asset Management Inc. now owns 855,388 shares of the financial services provider’s stock valued at $6,903,000 after acquiring an additional 167,337 shares during the period.

Nuveen Preferred & Income Opportunities Fund Stock Performance

NYSE JPC traded down $0.01 during trading hours on Thursday, hitting $8.09. 415,469 shares of the company’s stock traded hands, compared to its average volume of 957,072. Nuveen Preferred & Income Opportunities Fund has a 52 week low of $6.33 and a 52 week high of $8.24. The business’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $7.67.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0665 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date of this dividend is Friday, November 15th.

About Nuveen Preferred & Income Opportunities Fund

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.