Short Interest in Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Declines By 37.5%

Posted by Phillip Gast on Oct 14th, 2024

Nuveen Core Plus Bond ETF (NASDAQ:NCPB – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 3,500 shares, a decline of 37.5% from the September 15th total of 5,600 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen Core Plus Bond ETF Price Performance

NCPB traded down $0.01 during mid-day trading on Monday, reaching $25.48. 100 shares of the company traded hands, compared to its average volume of 132,344. The company’s fifty day moving average price is $25.73 and its 200-day moving average price is $25.19. Nuveen Core Plus Bond ETF has a 52-week low of $24.40 and a 52-week high of $26.08.

Nuveen Core Plus Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.107 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Tuesday, October 1st. This is a boost from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On Nuveen Core Plus Bond ETF

An institutional investor recently bought a new position in Nuveen Core Plus Bond ETF stock. Daymark Wealth Partners LLC acquired a new stake in shares of Nuveen Core Plus Bond ETF (NASDAQ:NCPB – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 350,469 shares of the company’s stock, valued at approximately $8,734,000. Daymark Wealth Partners LLC owned 21.90% of Nuveen Core Plus Bond ETF at the end of the most recent reporting period.

About Nuveen Core Plus Bond ETF

(Get Free Report)

The Nuveen Core Plus Bond ETF (NCPB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is active, investing in a diversified mix of high-quality and below investment grade securities to optimize returns and manage risks. NCPB was launched on Mar 5, 2024 and is issued by Nuveen.