Nuveen Preferred and Income ETF (NASDAQ:NPFI) Short Interest Up 29.7% in March

Nuveen Preferred and Income ETF (NASDAQ:NPFI) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 8,300 shares, an increase of 29.7% from the March 15th total of 6,400 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 9,100 shares, the short-interest ratio is currently 0.9 days.

Nuveen Preferred and Income ETF Price Performance

NPFI stock traded up $0.13 during mid-day trading on Friday, reaching $25.15. 321 shares of the company traded hands, compared to its average volume of 7,476. Nuveen Preferred and Income ETF has a fifty-two week low of $24.71 and a fifty-two week high of $26.15. The firm’s 50 day moving average price is $25.56 and its 200 day moving average price is $25.71.

Nuveen Preferred and Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, April 1st were given a $0.1392 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost 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.