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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,110,000 shares, a growth of 5.5% from the December 15th 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.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund in the 3rd quarter valued at about $41,000. Certified Advisory Corp acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth about $75,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth about $79,000. Philip James Wealth Mangement LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the third quarter valued at approximately $81,000. Finally, CWM LLC lifted its stake 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 period.

Nuveen Preferred & Income Opportunities Fund Price Performance

Shares of JPC opened at $7.92 on Tuesday. Nuveen Preferred & Income Opportunities Fund has a 1-year low of $6.72 and a 1-year high of $8.24. The firm has a 50 day simple moving average of $8.01 and a 200-day simple moving average of $7.91.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0665 per share. This represents a $0.80 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.