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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC – Get Rating) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 146,400 shares, a growth of 607.2% from the April 30th total of 20,700 shares. Based on an average trading volume of 414,200 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Preferred & Income Opportunities Fund Stock Up 1.0 %

Shares of JPC traded up $0.06 during midday trading on Friday, reaching $6.27. The company had a trading volume of 248,920 shares, compared to its average volume of 359,737. Nuveen Preferred & Income Opportunities Fund has a 1-year low of $5.95 and a 1-year high of $8.45. The firm has a 50 day simple moving average of $6.30 and a 200-day simple moving average of $7.07.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $0.044 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend is Friday, May 12th.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of JPC. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 40.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 62,531 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 17,925 shares during the period. Cetera Advisor Networks LLC boosted its position in Nuveen Preferred & Income Opportunities Fund by 41.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 59,170 shares of the financial services provider’s stock valued at $508,000 after buying an additional 17,438 shares during the period. Citigroup Inc. purchased a new position in Nuveen Preferred & Income Opportunities Fund in the 1st quarter valued at approximately $29,000. Baird Financial Group Inc. boosted its position in Nuveen Preferred & Income Opportunities Fund by 6.0% in the 1st quarter. Baird Financial Group Inc. now owns 24,052 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,367 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Nuveen Preferred & Income Opportunities Fund by 6.5% in the 1st quarter. NewEdge Advisors LLC now owns 68,613 shares of the financial services provider’s stock valued at $589,000 after buying an additional 4,188 shares during the period.

Nuveen Preferred & Income Opportunities Fund Company Profile

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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.