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

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

Nuveen Preferred & Income Opportunities Fund Price Performance

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 company’s 50 day simple moving average is $8.05 and its 200 day simple moving average is $7.67.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

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

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the third quarter worth $41,000. Certified Advisory Corp bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter worth $75,000. PSI Advisors LLC increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 66.4% in the second quarter. PSI Advisors LLC now owns 10,816 shares of the financial services provider’s stock worth $81,000 after buying an additional 4,316 shares during the last quarter. Finally, Philip James Wealth Mangement LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the third quarter worth $81,000.

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.