What’s Next for Nuveen Preferred Securities Inco (NYSE:JPS) After Having More Shares Shorted?

June 19, 2017 - By reb123z

 What's Next for Nuveen Preferred Securities Inco (NYSE:JPS) After Having More Shares Shorted?

Investors sentiment increased to 1.62 in Q4 2016. Its up 0.46, from 1.16 in 2016Q3. It increased, 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.
Seizert Prtnrs Ltd Liability accumulated 15,601 shares. 629,305 are owned by Commonwealth Equity Ser. North Star Invest Management accumulated 96 shares or 0% of the stock. Davenport & Ltd Liability holds 16,170 shares. Fincl Bank Of New York Mellon reported 0% stake. Janney Montgomery Scott Ltd invested in 14,723 shares. Blue Bell Private Wealth Management Ltd Liability Company has 236 shares. Stratos Wealth Partners invested in 10,088 shares or 0.01% of the stock. 48 are owned by Gradient Invests Llc. City Com has 0.02% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS). Fiera Capital Corp accumulated 97,124 shares or 0.01% of the stock. National Asset has 11,649 shares. 57,611 are owned by Mariner Wealth Advisors Ltd. Mcf Advisors Lc holds 0.01% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 4,200 shares. First Foundation Advsrs invested in 0.24% or 395,600 shares.

The stock of Nuveen Preferred Securities Inco (NYSE:JPS) registered an increase of 113.91% in short interest. JPS’s total short interest was 801,300 shares in June as published by FINRA. Its up 113.91% from 374,600 shares, reported previously. With 365,900 shares average volume, it will take short sellers 2 days to cover their JPS’s short positions.

About 135,530 shares traded. Nuveen Preferred Securities Income Fund (NYSE:JPS) has risen 11.38% since June 19, 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 $2.07 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 recent Nuveen Preferred Securities Income Fund (NYSE:JPS) news were published by: Marketwatch.com which released: “10.14” on July 20, 2011. Also Businesswire.com published the news titled: “Nuveen Preferred Securities Income Fund Declares Post-Merger Distribution” on May 09, 2016. Seekingalpha.com‘s news article titled: “Nuveen Preferred Income Opportunities Fund: A Good Or Bad Investment?” with publication date: July 20, 2016 was also an interesting one.

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