Nuveen Corporate Income 2023 Target Term Fund (NYSE:JHAA) Short Interest Up 40.0% in May

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Nuveen Corporate Income 2023 Target Term Fund (NYSE:JHAAGet Rating) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 8,400 shares, a growth of 40.0% from the May 15th total of 6,000 shares. Based on an average trading volume of 11,900 shares, the short-interest ratio is presently 0.7 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Nuveen Corporate Income 2023 Target Term Fund by 52.5% in the 2nd quarter. Royal Bank of Canada now owns 14,603 shares of the company’s stock valued at $145,000 after purchasing an additional 5,026 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Nuveen Corporate Income 2023 Target Term Fund by 10.4% in the 4th quarter. Wells Fargo & Company MN now owns 79,003 shares of the company’s stock valued at $789,000 after purchasing an additional 7,470 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Nuveen Corporate Income 2023 Target Term Fund by 24.0% in the 4th quarter. D.A. Davidson & CO. now owns 45,250 shares of the company’s stock valued at $452,000 after purchasing an additional 8,750 shares during the last quarter. Cantor Fitzgerald Investment Advisor L.P acquired a new stake in Nuveen Corporate Income 2023 Target Term Fund in the 1st quarter valued at about $94,000. Finally, Sit Investment Associates Inc. lifted its stake in Nuveen Corporate Income 2023 Target Term Fund by 25.0% in the 1st quarter. Sit Investment Associates Inc. now owns 62,598 shares of the company’s stock valued at $591,000 after purchasing an additional 12,533 shares during the last quarter.

Shares of NYSE JHAA traded up $0.01 during mid-day trading on Wednesday, hitting $9.06. The company had a trading volume of 6,328 shares, compared to its average volume of 15,924. The firm has a 50-day simple moving average of $9.31 and a two-hundred day simple moving average of $9.59. Nuveen Corporate Income 2023 Target Term Fund has a one year low of $8.75 and a one year high of $10.14.

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be issued a $0.025 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, June 14th.

Nuveen Corporate Income 2023 Target Term Fund Company Profile (Get Rating)

Nuveen Corporate Income 2023 Target Term Fund seeks to provide a high level of current income and return the original $9.875 net asset value per common share on or about 1 Dec 2023.*

The Fund invests in a portfolio of primarily corporate debt securities, including bonds and senior loans. The Fund may invest in other types of securities including convertible securities and other types of debt instruments and derivatives that provide comparable economic exposure to the corporate debt market.

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