Short Interest in Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Grows By 27.6%

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

Nuveen Preferred & Income Opportunities Fund Trading Down 0.1 %

JPC opened at $7.93 on Thursday. The business’s 50-day simple moving average is $7.98 and its 200 day simple moving average is $8.01. Nuveen Preferred & Income Opportunities Fund has a 52-week low of $6.72 and a 52-week high of $8.24.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JPC. CreativeOne Wealth LLC bought a new position in Nuveen Preferred & Income Opportunities Fund during the third quarter worth about $90,000. Captrust Financial Advisors increased 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 acquiring an additional 136,709 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund in the 3rd quarter valued at $117,000. HighTower Advisors LLC raised its stake 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 acquiring an additional 48,689 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Nuveen Preferred & Income Opportunities Fund by 1,188.0% during the 3rd quarter. Jane Street Group LLC now owns 243,162 shares of the financial services provider’s stock valued at $1,962,000 after purchasing an additional 224,283 shares during the last quarter.

About Nuveen Preferred & Income Opportunities Fund

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.