Nuveen Preferred and Income Term Fund (NYSE:JPI) Short Interest Update

Nuveen Preferred and Income Term Fund (NYSE:JPI) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 11,000 shares, a decline of 76.4% from the December 31st total of 46,700 shares. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Preferred and Income Term Fund Trading Down 0.1 %

Shares of NYSE JPI traded down $0.03 during trading on Wednesday, reaching $20.09. The stock had a trading volume of 12,715 shares, compared to its average volume of 22,884. The business’s 50-day moving average price is $20.11 and its 200-day moving average price is $20.22. Nuveen Preferred and Income Term Fund has a fifty-two week low of $18.46 and a fifty-two week high of $21.42.

Nuveen Preferred and Income Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.166 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.99 dividend on an annualized basis and a yield of 9.92%.

Institutional Trading of Nuveen Preferred and Income Term Fund

Several hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC increased its stake in Nuveen Preferred and Income Term Fund by 77.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 48,040 shares of the company’s stock worth $942,000 after buying an additional 21,020 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of Nuveen Preferred and Income Term Fund during the fourth quarter worth $319,000. Wealthcare Advisory Partners LLC raised its stake in shares of Nuveen Preferred and Income Term Fund by 3.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 16,777 shares of the company’s stock valued at $329,000 after acquiring an additional 581 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Nuveen Preferred and Income Term Fund by 1,982.1% in the third quarter. International Assets Investment Management LLC now owns 77,809 shares of the company’s stock valued at $1,620,000 after purchasing an additional 74,072 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in Nuveen Preferred and Income Term Fund by 7.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 85,062 shares of the company’s stock worth $1,801,000 after purchasing an additional 5,672 shares in the last quarter.

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.