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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 583,500 shares, a growth of 286.4% from the May 31st total of 151,000 shares. Based on an average daily trading volume, of 774,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in JPC. RE Dickinson Investment Advisors LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at approximately $33,000. Sunbelt Securities Inc. acquired a new position in Nuveen Preferred & Income Opportunities Fund during the first quarter worth $34,000. Hazlett Burt & Watson Inc. raised its holdings in Nuveen Preferred & Income Opportunities Fund by 158.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,691 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,491 shares during the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new position in Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth $41,000.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.1 %

Nuveen Preferred & Income Opportunities Fund stock traded up $0.01 during mid-day trading on Friday, reaching $7.47. 1,075,346 shares of the company were exchanged, compared to its average volume of 862,655. Nuveen Preferred & Income Opportunities Fund has a twelve month low of $5.94 and a twelve month high of $7.55. The firm’s 50-day simple moving average is $7.23 and its two-hundred day simple moving average is $7.10.

Nuveen Preferred & Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.76%. This is a boost from Nuveen Preferred & Income Opportunities Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, June 14th.

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.