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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of 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 volume of 8,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Nuveen Preferred and Income ETF Stock Performance

NASDAQ NPFI traded down $0.17 on Tuesday, reaching $25.57. 858 shares of the stock traded hands, compared to its average volume of 7,342. Nuveen Preferred and Income ETF has a 12 month low of $24.99 and a 12 month high of $26.15. The firm’s fifty day simple moving average is $25.75 and its 200 day simple moving average is $25.81.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st will be issued a dividend of $0.1392 per share. This is a positive change from Nuveen Preferred and Income ETF’s previous dividend of $0.10. The ex-dividend date of this dividend is Tuesday, April 1st.

Nuveen Preferred and Income ETF Company Profile

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.