Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Sees Large Growth in Short Interest

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,710,000 shares, an increase of 27.6% from the February 28th total of 1,340,000 shares. Based on an average daily volume of 987,200 shares, the days-to-cover ratio is presently 1.7 days.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.1 %

Shares of JPC traded down $0.01 during mid-day trading on Wednesday, hitting $7.93. 709,155 shares of the company were exchanged, compared to its average volume of 963,064. Nuveen Preferred & Income Opportunities Fund has a 1-year low of $6.72 and a 1-year high of $8.24. The company has a 50 day moving average of $7.98 and a 200-day moving average of $8.01.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.0665 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.06%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC purchased a new position in Nuveen Preferred & Income Opportunities Fund in the third quarter worth approximately $90,000. Captrust Financial Advisors grew its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 19.3% during the 3rd quarter. Captrust Financial Advisors now owns 844,947 shares of the financial services provider’s stock worth $6,819,000 after purchasing an additional 136,709 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 3rd quarter worth about $117,000. HighTower Advisors LLC raised its holdings in Nuveen Preferred & Income Opportunities Fund by 67.9% in the 3rd quarter. HighTower Advisors LLC now owns 120,390 shares of the financial services provider’s stock valued at $969,000 after buying an additional 48,689 shares during the period. Finally, Jane Street Group LLC lifted its position in Nuveen Preferred & Income Opportunities Fund by 1,188.0% in the third quarter. Jane Street Group LLC now owns 243,162 shares of the financial services provider’s stock valued at $1,962,000 after buying an additional 224,283 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.