Short Interest in Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Declines By 13.1%

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 397,100 shares, a decline of 13.1% from the August 31st total of 456,700 shares. Based on an average daily volume of 1,141,000 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.6 %

Shares of Nuveen Preferred & Income Opportunities Fund stock opened at $8.06 on Friday. Nuveen Preferred & Income Opportunities Fund has a 52 week low of $5.94 and a 52 week high of $8.24. The business’s fifty day simple moving average is $7.80 and its 200-day simple moving average is $7.43.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a $0.0665 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 9.90%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter worth approximately $26,000. RE Dickinson Investment Advisors LLC purchased a new stake in Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at approximately $32,000. Sunbelt Securities Inc. acquired a new position in Nuveen Preferred & Income Opportunities Fund during the first quarter worth $34,000. CWM LLC boosted its position in shares of Nuveen Preferred & Income Opportunities Fund by 21.3% during the first quarter. CWM LLC now owns 9,133 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,606 shares during the period. Finally, Abel Hall LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at $68,000.

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.