Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Short Interest Up 5.5% in January

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,110,000 shares, a growth of 5.5% from the December 31st total of 2,000,000 shares. Based on an average daily volume of 987,700 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CWM LLC grew its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 17.8% during the third quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock valued at $88,000 after buying an additional 1,643 shares during the last quarter. Spire Wealth Management lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 3.0% during the fourth quarter. Spire Wealth Management now owns 66,903 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 1,956 shares in the last quarter. Beacon Financial Advisory LLC lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 17.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 13,198 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 2,007 shares in the last quarter. Sage Capital Advisors llc lifted its position in shares of 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 valued at $442,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 0.5% during the third quarter. Moors & Cabot Inc. now owns 541,845 shares of the financial services provider’s stock valued at $4,373,000 after purchasing an additional 2,516 shares in the last quarter.

Nuveen Preferred & Income Opportunities Fund Stock Performance

NYSE:JPC opened at $7.95 on Monday. The firm has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $7.94. Nuveen Preferred & Income Opportunities Fund has a 12 month low of $6.72 and a 12 month high of $8.24.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0665 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date is Wednesday, January 15th.

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.