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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JPC. SageView Advisory Group LLC lifted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 367.8% in the 1st quarter. SageView Advisory Group LLC now owns 86,265 shares of the financial services provider’s stock valued at $620,000 after acquiring an additional 67,824 shares during the last quarter. J. L. Bainbridge & Co. Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 1st quarter valued at approximately $168,000. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 159.9% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 92,248 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 56,755 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in shares of Nuveen Preferred & Income Opportunities Fund by 14.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 20,404 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 2,512 shares during the last quarter. Finally, Resurgent Financial Advisors LLC raised its holdings in Nuveen Preferred & Income Opportunities Fund by 103.1% during the 1st quarter. Resurgent Financial Advisors LLC now owns 13,728 shares of the financial services provider’s stock valued at $99,000 after buying an additional 6,969 shares during the period.

Nuveen Preferred & Income Opportunities Fund Price Performance

Nuveen Preferred & Income Opportunities Fund stock traded down $0.01 during midday trading on Thursday, reaching $8.09. 415,469 shares of the stock traded hands, compared to its average volume of 957,072. Nuveen Preferred & Income Opportunities Fund has a 12 month low of $6.33 and a 12 month high of $8.24. The stock’s fifty day moving average is $8.04 and its 200-day moving average is $7.67.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

The company also recently announced 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. The ex-dividend date is Friday, November 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.86%.

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.