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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) 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

Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 21.3% during the 1st quarter. CWM LLC now owns 9,133 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,606 shares during the period. Occidental Asset Management LLC raised its position in Nuveen Preferred & Income Opportunities Fund by 16.9% during the first quarter. Occidental Asset Management LLC now owns 12,541 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,813 shares in the last quarter. Sage Capital Advisors llc lifted its stake in Nuveen Preferred & Income Opportunities Fund by 4.7% during the third quarter. Sage Capital Advisors llc now owns 54,827 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 2,469 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 14.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 20,404 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 2,512 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 10.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 2,787 shares during the last quarter.

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.