Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Short Interest Up 22.8% in October

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) was the target of a large increase in short interest in 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 short-interest ratio is presently 0.7 days.

Nuveen Preferred & Income Opportunities Fund Stock Performance

Shares of Nuveen Preferred & Income Opportunities Fund stock traded up $0.01 on Wednesday, hitting $7.98. 506,303 shares of the company traded hands, compared to its average volume of 961,039. Nuveen Preferred & Income Opportunities Fund has a 12-month low of $6.04 and a 12-month high of $8.24. The firm’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $7.58.

Nuveen Preferred & Income Opportunities Fund Increases Dividend

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

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Large investors have recently modified their holdings of the company. CWM LLC lifted its stake in Nuveen Preferred & Income Opportunities Fund by 17.8% in the third quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,643 shares during the last quarter. Sage Capital Advisors llc lifted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 4.7% in the 3rd quarter. Sage Capital Advisors llc now owns 54,827 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 2,469 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in Nuveen Preferred & Income Opportunities Fund by 14.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 20,404 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 2,512 shares during the period. Bank of New York Mellon Corp grew its position in Nuveen Preferred & Income Opportunities Fund by 10.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 2,787 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Nuveen Preferred & Income Opportunities Fund in the 2nd quarter worth approximately $26,000.

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.