Nuveen Preferred and Income Term Fund (NYSE:JPI – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 49,600 shares, a growth of 237.4% from the March 31st total of 14,700 shares. Based on an average daily volume of 53,600 shares, the short-interest ratio is currently 0.9 days.
Hedge Funds Weigh In On Nuveen Preferred and Income Term Fund
A number of large investors have recently bought and sold shares of JPI. International Assets Investment Management LLC increased its stake in shares of Nuveen Preferred and Income Term Fund by 1,751.8% during the fourth quarter. International Assets Investment Management LLC now owns 92,573 shares of the company’s stock valued at $1,692,000 after buying an additional 87,574 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Nuveen Preferred and Income Term Fund during the fourth quarter valued at approximately $536,000. Stifel Financial Corp grew its stake in Nuveen Preferred and Income Term Fund by 6.4% in the fourth quarter. Stifel Financial Corp now owns 246,765 shares of the company’s stock worth $4,511,000 after purchasing an additional 14,855 shares during the period. Truist Financial Corp grew its stake in Nuveen Preferred and Income Term Fund by 1.4% in the fourth quarter. Truist Financial Corp now owns 421,379 shares of the company’s stock worth $7,703,000 after purchasing an additional 5,873 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in Nuveen Preferred and Income Term Fund by 7.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 79,159 shares of the company’s stock worth $1,474,000 after purchasing an additional 5,369 shares during the period.
Nuveen Preferred and Income Term Fund Stock Down 0.6 %
Shares of Nuveen Preferred and Income Term Fund stock opened at $18.82 on Friday. The business’s 50 day simple moving average is $18.92 and its two-hundred day simple moving average is $18.16. Nuveen Preferred and Income Term Fund has a one year low of $16.02 and a one year high of $19.28.
Nuveen Preferred and Income Term Fund Announces Dividend
About Nuveen Preferred and Income Term Fund
Nuveen Preferred and Income Term Fund is a close ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies that are operating in financial services sectors such as bank, insurance, REITs, and utility companies.
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