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

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

Institutional Inflows and Outflows

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

Nuveen Preferred and Income Term Fund Stock Performance

JPI traded up $0.02 during trading hours on Monday, hitting $19.78. 20,703 shares of the company’s stock were exchanged, compared to its average volume of 22,658. Nuveen Preferred and Income Term Fund has a 1-year low of $18.26 and a 1-year high of $21.42. The stock’s 50-day moving average is $20.28 and its two-hundred day moving average is $20.18.

Nuveen Preferred and Income Term Fund Dividend Announcement

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

About Nuveen Preferred and Income Term Fund

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.