Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Sees Large Increase in Short Interest

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

Nuveen Preferred & Income Opportunities Fund Stock Performance

Shares of Nuveen Preferred & Income Opportunities Fund stock traded up $0.01 on Monday, hitting $7.92. The company had a trading volume of 626,387 shares, compared to its average volume of 958,290. Nuveen Preferred & Income Opportunities Fund has a 1 year low of $6.72 and a 1 year high of $8.24. The stock has a 50 day moving average of $8.01 and a 200-day moving average of $7.91.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0665 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.80 annualized dividend and a dividend yield of 10.08%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JPC. CWM LLC boosted its position in Nuveen Preferred & Income Opportunities Fund by 17.8% in the third quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,643 shares during the last quarter. Sage Capital Advisors llc raised its stake in shares of Nuveen Preferred & Income Opportunities Fund by 4.7% during 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 during the period. Moors & Cabot Inc. boosted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 0.5% in the 3rd quarter. Moors & Cabot Inc. now owns 541,845 shares of the financial services provider’s stock worth $4,373,000 after buying an additional 2,516 shares during the last quarter. Bank of New York Mellon Corp grew its position in Nuveen Preferred & Income Opportunities Fund by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock valued at $225,000 after buying an additional 2,787 shares during the period. Finally, Ameritas Advisory Services LLC grew its position in Nuveen Preferred & Income Opportunities Fund by 6.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 50,176 shares of the financial services provider’s stock valued at $394,000 after buying an additional 3,124 shares during the period.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.