Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Down 24.7% in March

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was the recipient of a significant decline in short interest during the month of 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 trading volume, of 8,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Nuveen Preferred and Income ETF Trading Down 0.7 %

NPFI traded down $0.17 during trading on Tuesday, reaching $25.57. The company had a trading volume of 858 shares, compared to its average volume of 7,342. The firm’s 50-day simple moving average is $25.75 and its 200 day simple moving average is $25.81. Nuveen Preferred and Income ETF has a 12-month low of $24.99 and a 12-month high of $26.15.

Nuveen Preferred and Income ETF Increases Dividend

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

About Nuveen Preferred and Income ETF

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.