Nuveen Preferred & Income Securities Fnd (JPS) Short Interest Up 67.8% in December

Nuveen Preferred & Income Securities Fnd (NYSE:JPS) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,028,107 shares, an increase of 67.8% from the November 30th total of 612,575 shares. Based on an average trading volume of 366,506 shares, the short-interest ratio is currently 2.8 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial For Lutherans bought a new position in Nuveen Preferred & Income Securities Fnd in the 2nd quarter valued at $138,000. Citigroup Inc. boosted its position in Nuveen Preferred & Income Securities Fnd by 21.6% in the 2nd quarter. Citigroup Inc. now owns 14,049 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 2,500 shares during the last quarter. Yellowstone Partners LLC bought a new position in Nuveen Preferred & Income Securities Fnd in the 3rd quarter valued at $164,000. Comerica Bank boosted its position in Nuveen Preferred & Income Securities Fnd by 1.2% in the 2nd quarter. Comerica Bank now owns 17,450 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 200 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in Nuveen Preferred & Income Securities Fnd in the 3rd quarter valued at $206,000.

Nuveen Preferred & Income Securities Fnd (JPS) opened at $10.17 on Tuesday. Nuveen Preferred & Income Securities Fnd has a 12-month low of $9.23 and a 12-month high of $10.47.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 12th will be given a $0.062 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.74 dividend on an annualized basis and a yield of 7.32%.

WARNING: This piece was posted by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.com-unik.info/2018/01/09/nuveen-preferred-income-securities-fnd-jps-short-interest-up-67-8-in-december.html.

Nuveen Preferred & Income Securities Fnd Company Profile

Nuveen Preferred & Income Securities Fund, formerly Nuveen Preferred Securities Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is high current income consistent with capital preservation. The Fund’s secondary objective is to enhance portfolio value.

What are top analysts saying about Nuveen Preferred & Income Securities Fnd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nuveen Preferred & Income Securities Fnd and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit