Nuveen Preferred & Income Opportunities Fund (NYSE:JPC – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 753,000 shares, a growth of 22.8% from the September 30th total of 613,200 shares. Based on an average trading volume of 1,074,500 shares, the days-to-cover ratio is presently 0.7 days.
Nuveen Preferred & Income Opportunities Fund Stock Up 0.1 %
NYSE:JPC traded up $0.01 during mid-day trading on Wednesday, reaching $7.98. 506,303 shares of the company’s stock traded hands, compared to its average volume of 961,039. The company has a 50 day moving average price of $8.00 and a 200-day moving average price of $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 firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.067 per share. The ex-dividend date is Tuesday, October 15th. This is a boost 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 Trading of Nuveen Preferred & Income Opportunities Fund
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.
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