Nuveen Core Plus Impact Fund (NYSE:NPCT) Sees Large Drop in Short Interest

Nuveen Core Plus Impact Fund (NYSE:NPCT) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 23,847 shares, a decline of 65.4% from the September 30th total of 68,975 shares. Based on an average daily volume of 87,525 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NPCT. Root Financial Partners LLC purchased a new position in shares of Nuveen Core Plus Impact Fund during the 3rd quarter worth approximately $32,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Nuveen Core Plus Impact Fund in the second quarter valued at approximately $48,000. Assetmark Inc. boosted its stake in shares of Nuveen Core Plus Impact Fund by 8,620.7% in the first quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock valued at $52,000 after buying an additional 5,000 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Nuveen Core Plus Impact Fund in the first quarter valued at approximately $66,000. Finally, Ameritas Advisory Services LLC acquired a new position in Nuveen Core Plus Impact Fund during the second quarter worth $84,000.

Nuveen Core Plus Impact Fund Price Performance

NYSE NPCT remained flat at $9.07 during trading hours on Friday. The company’s stock had a trading volume of 114,053 shares, compared to its average volume of 121,359. The company’s 50-day simple moving average is $9.32 and its 200 day simple moving average is $9.93. Nuveen Core Plus Impact Fund has a 12 month low of $8.86 and a 12 month high of $10.82.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0895 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Thursday, October 15th.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a publicly traded closed-end fund managed by Nuveen Asset Management, a subsidiary of TIAA. The fund seeks to provide total return through a diversified portfolio of fixed-income investments while incorporating environmental and social impact considerations into its investment process.

The fund uses a core-plus bond strategy, investing primarily in a broad range of debt securities issued by governments, corporations and other entities. Its portfolio may include investment-grade and below-investment-grade bonds, mortgage- and asset-backed securities, emerging-market debt and other domestic and international fixed-income investments.