Nuveen Preferred and Income 2022 Term Fund (NYSE:JPT) was the recipient of a significant decrease in short interest in the month of January. As of January 29th, there was short interest totalling 1,000 shares, a decrease of 65.5% from the January 14th total of 2,900 shares. Based on an average daily trading volume, of 9,400 shares, the short-interest ratio is presently 0.1 days.
In related news, insider Nuveen Fund Advisors, Llc sold 4,072 shares of the firm’s stock in a transaction that occurred on Tuesday, January 12th. The shares were sold at an average price of $24.33, for a total value of $99,071.76.
An institutional investor recently raised its position in Nuveen Preferred and Income 2022 Term Fund stock. Janney Montgomery Scott LLC raised its holdings in Nuveen Preferred and Income 2022 Term Fund (NYSE:JPT) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,320 shares of the company’s stock after buying an additional 950 shares during the period. Janney Montgomery Scott LLC’s holdings in Nuveen Preferred and Income 2022 Term Fund were worth $1,030,000 as of its most recent SEC filing.
Shares of NYSE:JPT traded up $0.13 during trading hours on Friday, reaching $24.55. The stock had a trading volume of 9,252 shares, compared to its average volume of 9,188. Nuveen Preferred and Income 2022 Term Fund has a 1 year low of $13.12 and a 1 year high of $26.14.
The company also recently announced a monthly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be paid a dividend of $0.1185 per share. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.79%.
About Nuveen Preferred and Income 2022 Term Fund
There is no company description available for Nuveen Preferred and Income 2022 Term Fund.
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