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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 753,000 shares, an increase of 22.8% from the September 30th total of 613,200 shares. Based on an average daily trading volume, of 1,074,500 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.1 %

Shares of Nuveen Preferred & Income Opportunities Fund stock traded up $0.01 during midday trading on Wednesday, hitting $7.98. 506,303 shares of the company traded hands, compared to its average volume of 961,039. The firm’s fifty day moving average price is $8.00 and its 200-day moving average price is $7.58. Nuveen Preferred & Income Opportunities Fund has a 12 month low of $6.04 and a 12 month high of $8.24.

Nuveen Preferred & Income Opportunities Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.067 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from Nuveen Preferred & Income Opportunities Fund’s previous monthly dividend of $0.07. This represents a $0.80 annualized dividend and a dividend yield of 10.08%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in JPC. Opal Wealth Advisors LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth approximately $26,000. Sunbelt Securities Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 1st quarter worth approximately $34,000. Pacific Wealth Strategies Group Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 1st quarter worth approximately $72,000. Certified Advisory Corp bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth approximately $75,000. Finally, PSI Advisors LLC grew its holdings in Nuveen Preferred & Income Opportunities Fund by 66.4% during the 2nd quarter. PSI Advisors LLC now owns 10,816 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 4,316 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.