Could Nuveen Preferred Securities Inco (NYSE:JPS) Go Down After Its Newest Short Interest Report?

September 17, 2017 - By Darrin Black

 Could Nuveen Preferred Securities Inco (NYSE:JPS) Go Down After Its Newest Short Interest Report?

Investors sentiment increased to 1.62 in 2016 Q4. Its up 0.46, from 1.16 in 2016Q3. It improved, as 9 investors sold Nuveen Preferred Securities Income Fund shares while 28 reduced holdings. 26 funds opened positions while 34 raised stakes. 18.69 million shares or 1.73% more from 18.37 million shares in 2016Q3 were reported.
Fiera Capital has invested 0.01% in Nuveen Preferred Securities Income Fund (NYSE:JPS). Janney Montgomery Scott Llc stated it has 0% in Nuveen Preferred Securities Income Fund (NYSE:JPS). 16,170 were accumulated by Davenport Limited. Raymond James Tru Na has invested 0.01% in Nuveen Preferred Securities Income Fund (NYSE:JPS). Manufacturers Life The owns 28,239 shares. Edge Wealth Mngmt has invested 0.06% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). Next Fincl stated it has 0% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). Kcg Inc stated it has 13,525 shares or 0% of all its holdings. Shufro Rose And Com Limited Liability holds 31,551 shares or 0.03% of its portfolio. Tci Wealth Advisors owns 0% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 976 shares. Duncker Streett Incorporated owns 8,860 shares. National Bank Of Montreal Can owns 1,668 shares for 0% of their portfolio. Moreover, Focused Wealth Mgmt has 0% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS). Commonwealth Equity Serv, a Massachusetts-based fund reported 629,305 shares. Mcf Advsrs Ltd Liability Com holds 0.01% or 4,200 shares in its portfolio.

The stock of Nuveen Preferred Securities Inco (NYSE:JPS) registered a decrease of 15.36% in short interest. JPS’s total short interest was 343,200 shares in September as published by FINRA. Its down 15.36% from 405,500 shares, reported previously. With 364,500 shares average volume, it will take short sellers 1 days to cover their JPS’s short positions.

The stock decreased 0.19% or $0.02 on September 15, reaching $10.26. About 341,113 shares traded. Nuveen Preferred Securities Income Fund (NYSE:JPS) has risen 11.38% since September 17, 2016 and is uptrending. It has underperformed by 5.32% the S&P500.

Nuveen Preferred Securities Income Fund, formerly Nuveen Quality Preferred Income Fund 2, is a diversified, closed-end management investment company. The company has market cap of $2.09 billion. The Fund’s primary investment objective is high current income consistent with capital preservation. It currently has negative earnings. The Fund’s secondary objective is to enhance portfolio value.

More news for Nuveen Preferred Securities Income Fund (NYSE:JPS) were recently published by: Businesswire.com, which released: “Two Nuveen Preferred Closed-End Funds Approve Policy and Name Changes” on July 12, 2017. Forbes.com‘s article titled: “Ditch Your Common Dividends For These 7%+ ‘Preferred’ Yields” and published on April 29, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.