Nuveen Core Plus Impact Fund (NYSE:NPCT) Sees Significant Growth in Short Interest

by · The Markets Daily

Nuveen Core Plus Impact Fund (NYSE:NPCT – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 28,031 shares, an increase of 80.6% from the May 31st total of 15,520 shares. Based on an average daily volume of 124,754 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Core Plus Impact Fund Price Performance

Shares of Nuveen Core Plus Impact Fund stock opened at $10.04 on Friday. Nuveen Core Plus Impact Fund has a fifty-two week low of $9.78 and a fifty-two week high of $11.29. The business has a 50-day moving average price of $10.10 and a 200 day moving average price of $10.23.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.0895 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

Several large investors have recently added to or reduced their stakes in the company. Almitas Capital LLC bought a new stake in shares of Nuveen Core Plus Impact Fund during the 4th quarter valued at about $2,080,000. Readystate Asset Management LP acquired a new position in Nuveen Core Plus Impact Fund in the fourth quarter valued at approximately $1,472,000. Shaker Financial Services LLC grew its holdings in shares of Nuveen Core Plus Impact Fund by 98.6% during the fourth quarter. Shaker Financial Services LLC now owns 284,862 shares of the company’s stock valued at $2,900,000 after purchasing an additional 141,410 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Nuveen Core Plus Impact Fund during the fourth quarter valued at approximately $1,158,000. Finally, Prevail Innovative Wealth Advisors LLC raised its position in shares of Nuveen Core Plus Impact Fund by 444.0% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 72,606 shares of the company’s stock worth $799,000 after purchasing an additional 59,259 shares during the period.

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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