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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,210,000 shares, an increase of 60.7% from the October 15th total of 753,000 shares. Based on an average trading volume of 1,037,600 shares, the days-to-cover ratio is presently 1.2 days.

Nuveen Preferred & Income Opportunities Fund Price Performance

Shares of JPC opened at $8.07 on Friday. Nuveen Preferred & Income Opportunities Fund has a 1 year low of $6.36 and a 1 year high of $8.24. The firm has a fifty day moving average of $8.05 and a 200-day moving average of $7.67.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.0665 dividend. This represents a $0.80 annualized dividend and a yield of 9.89%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Several institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its holdings in Nuveen Preferred & Income Opportunities Fund by 17.8% in the third quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,643 shares during the period. Sage Capital Advisors llc lifted its holdings in Nuveen Preferred & Income Opportunities Fund by 4.7% in the 3rd quarter. Sage Capital Advisors llc now owns 54,827 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 2,469 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in 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 acquiring an additional 2,512 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Nuveen Preferred & Income Opportunities Fund by 0.5% in the 3rd quarter. Moors & Cabot Inc. now owns 541,845 shares of the financial services provider’s stock valued at $4,373,000 after acquiring an additional 2,516 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in 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 acquiring 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.