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

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

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. raised its holdings in Nuveen Preferred & Income Opportunities Fund by 354.9% in the second quarter. B. Riley Wealth Advisors Inc. now owns 51,341 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 40,056 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 3.9% in the 2nd quarter. Truist Financial Corp now owns 347,544 shares of the financial services provider’s stock worth $2,596,000 after buying an additional 13,099 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Nuveen Preferred & Income Opportunities Fund by 15.5% during the 2nd quarter. Cetera Investment Advisers now owns 398,939 shares of the financial services provider’s stock valued at $2,980,000 after purchasing an additional 53,543 shares during the period. Sanctuary Advisors LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund during the second quarter valued at approximately $1,300,000. Finally, Sage Capital Advisors llc increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 4.7% in the 3rd quarter. Sage Capital Advisors llc now owns 54,827 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 2,469 shares in the last quarter.

Nuveen Preferred & Income Opportunities Fund Price Performance

Shares of JPC opened at $8.01 on Tuesday. The firm has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $7.94. Nuveen Preferred & Income Opportunities Fund has a twelve month low of $6.72 and a twelve month high of $8.24.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

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