Short Interest in Nuveen Core Plus Impact Fund (NYSE:NPCT) Drops By 76.8%

by · The Markets Daily

Nuveen Core Plus Impact Fund (NYSE:NPCT – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,694 shares, a decline of 76.8% from the July 15th total of 76,228 shares. Based on an average daily volume of 136,246 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Core Plus Impact Fund Price Performance

Shares of NYSE:NPCT traded down $0.12 on Friday, hitting $9.76. The company had a trading volume of 75,182 shares, compared to its average volume of 128,321. The stock has a 50 day moving average price of $9.86 and a 200 day moving average price of $10.15. Nuveen Core Plus Impact Fund has a 1-year low of $9.65 and a 1-year high of $11.12.

Nuveen Core Plus Impact Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.0895 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 11.0%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Petra Financial Advisors Inc. bought a new position in shares of Nuveen Core Plus Impact Fund during the first quarter worth approximately $102,000. Assetmark Inc. boosted its stake in Nuveen Core Plus Impact Fund by 8,620.7% in the 1st quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock valued at $52,000 after purchasing an additional 5,000 shares during the period. Fifth Third Bancorp bought a new stake in Nuveen Core Plus Impact Fund in the 1st quarter valued at $66,000. Private Advisor Group LLC grew its holdings in Nuveen Core Plus Impact Fund by 20.3% in the 1st quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock valued at $288,000 after buying an additional 4,758 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Nuveen Core Plus Impact Fund in the 3rd quarter valued at $118,000.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.

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