Nuveen Preferred & Income Opportunities Fund (NYSE:JPC – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 613,200 shares, an increase of 54.4% from the September 15th total of 397,100 shares. Based on an average daily trading volume, of 1,169,700 shares, the short-interest ratio is currently 0.5 days.
Nuveen Preferred & Income Opportunities Fund Price Performance
NYSE JPC traded down $0.01 during midday trading on Monday, hitting $8.11. The company had a trading volume of 701,372 shares, compared to its average volume of 968,618. The firm has a 50-day moving average price of $7.89 and a 200-day moving average price of $7.50. Nuveen Preferred & Income Opportunities Fund has a twelve month low of $5.94 and a twelve month high of $8.24.
Nuveen Preferred & Income Opportunities Fund Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.067 per share. This is a boost from Nuveen Preferred & Income Opportunities Fund’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, October 15th. This represents a $0.80 annualized dividend and a yield of 9.92%.
Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund
Nuveen Preferred & Income Opportunities Fund Company Profile
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.
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