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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPCGet Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 753,000 shares, a growth of 22.8% from the September 30th total of 613,200 shares. Based on an average daily volume of 1,074,500 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.1 %

Shares of JPC stock traded up $0.01 during midday trading on Wednesday, reaching $7.98. 506,303 shares of the stock were exchanged, compared to its average volume of 961,039. The company’s 50 day moving average is $8.00 and its two-hundred day moving average is $7.58. Nuveen Preferred & Income Opportunities Fund has a 1 year low of $6.04 and a 1 year high of $8.24.

Nuveen Preferred & Income Opportunities Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.067 dividend. This is an increase from Nuveen Preferred & Income Opportunities Fund’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, October 15th. This represents a $0.80 dividend on an annualized basis and a yield of 10.08%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently modified their holdings of JPC. Raymond James & Associates increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 8.0% during the third quarter. Raymond James & Associates now owns 2,562,498 shares of the financial services provider’s stock valued at $20,679,000 after purchasing an additional 190,036 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Nuveen Preferred & Income Opportunities Fund by 18.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,093,860 shares of the financial services provider’s stock worth $15,641,000 after buying an additional 330,439 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 1,069,296 shares of the financial services provider’s stock valued at $8,629,000 after acquiring an additional 53,059 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Nuveen Preferred & Income Opportunities Fund by 12.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 918,156 shares of the financial services provider’s stock valued at $7,410,000 after purchasing an additional 98,740 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Nuveen Preferred & Income Opportunities Fund by 13.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 611,042 shares of the financial services provider’s stock valued at $4,931,000 after purchasing an additional 74,105 shares in the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Nuveen Preferred & Income Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Preferred & Income Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.