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

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 6,400 shares, a decrease of 24.7% from the February 28th total of 8,500 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 0.7 days.

Nuveen Preferred and Income ETF Stock Performance

Shares of NPFI opened at $25.74 on Friday. The company has a 50 day moving average of $25.75 and a two-hundred day moving average of $25.81. Nuveen Preferred and Income ETF has a twelve month low of $24.99 and a twelve month high of $26.15.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1205 per share. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.10. This represents a $1.45 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Monday, March 3rd.

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.