Short Interest in Nuveen Core Plus Bond ETF (NASDAQ:NCPB) Decreases By 22.8%

Nuveen Core Plus Bond ETF (NASDAQ:NCPB) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 12,500 shares, a drop of 22.8% from the October 15th total of 16,200 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nuveen Core Plus Bond ETF stock. Daymark Wealth Partners LLC boosted its holdings in shares of Nuveen Core Plus Bond ETF (NASDAQ:NCPB) by 37.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 480,830 shares of the company’s stock after buying an additional 130,361 shares during the quarter. Daymark Wealth Partners LLC owned approximately 24.04% of Nuveen Core Plus Bond ETF worth $12,470,000 as of its most recent SEC filing.

Nuveen Core Plus Bond ETF Price Performance

Shares of NCPB stock traded down $0.04 during mid-day trading on Friday, hitting $25.03. The stock had a trading volume of 124 shares, compared to its average volume of 132,344. Nuveen Core Plus Bond ETF has a 12-month low of $24.40 and a 12-month high of $26.08. The firm’s 50-day moving average is $25.55 and its two-hundred day moving average is $25.28.

Nuveen Core Plus Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were paid a $0.1129 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from Nuveen Core Plus Bond ETF’s previous monthly dividend of $0.11. This represents a $1.35 dividend on an annualized basis and a yield of 5.41%.

About Nuveen Core Plus Bond ETF

The Nuveen Core Plus Bond ETF (NCPB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is active, investing in a diversified mix of high-quality and below investment grade securities to optimize returns and manage risks. NCPB was launched on Mar 5, 2024 and is issued by Nuveen.