Important Short Interest Filing: What’s Propelling Nuveen Preferred Securities Inco (NYSE:JPS) After Lower Shorts Reported?

November 28, 2016 - By Dolores Ford   ·   0 Comments

Important Short Interest Filing: What’s Propelling Nuveen Preferred Securities Inco (NYSE:JPS) After Lower Shorts Reported?

The stock of Nuveen Preferred Securities Inco (NYSE:JPS) registered a decrease of 29.99% in short interest. JPS’s total short interest was 260,800 shares in November as published by FINRA. Its down 29.99% from 372,500 shares, reported previously. With 336,000 shares average volume, it will take short sellers 1 days to cover their JPS’s short positions. About 254,708 shares traded hands. Nuveen Preferred Securities Income Fund (NYSE:JPS) has declined 2.89% since April 25, 2016 and is downtrending. It has underperformed by 8.90% 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 a market cap of $1.06 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.

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 3.32, from 4.48 in 2016Q1. The ratio is negative, as 10 funds sold all Nuveen Preferred Securities Income Fund shares owned while 11 reduced positions. 43 funds bought stakes while 51 increased positions. They now own 39.59 million shares or 222.94% more from 12.26 million shares in 2016Q1.
Mcgowan Asset has 1.01% invested in the company for 609,362 shares. City Holding holds 0.02% or 4,392 shares in its portfolio. Hightower Advsr Limited Liability holds 0% or 10,273 shares in its portfolio. Guggenheim Ltd Co last reported 0% of its portfolio in the stock. Drexel Morgan And accumulated 10,835 shares or 0.11% of the stock. Moreover, Centers Of America has 0.35% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 197,101 shares. Manufacturers Life The holds 0% or 27,278 shares in its portfolio. Bank Of America De last reported 0% of its portfolio in the stock. Citigroup last reported 15,692 shares in the company. Hollencrest Secs Limited Liability Co owns 10,601 shares or 0.02% of their US portfolio. Moreover, Bb&T Securities Limited Liability has 0% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 24,151 shares. The Illinois-based Envestnet Asset Mngmt has invested 0.01% in Nuveen Preferred Securities Income Fund (NYSE:JPS). Advisory Svcs Ntwk Limited Co accumulated 0.05% or 25,228 shares. Seizert Capital Ptnrs Ltd Liability reported 15,601 shares or 0.01% of all its holdings. Sei Invs Company holds 0% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 3,900 shares.

JPS Company Profile

Nuveen Quality Preferred Income Fund II (the Fund) is a non-diversified, closed-end management investment company. The Fund intends to invest in a portfolio of preferred securities, debt securities, including convertible debt securities and convertible preferred securities.

More news for Nuveen Preferred Securities Income Fund (NYSE:JPS) were recently published by: Marketwatch.com, which released: “Nuveen Preferred Securities Income Fund” on July 20, 2011. Businesswire.com‘s article titled: “Nuveen Announces Completion of Preferred Securities Closed-End Fund Merger” and published on May 09, 2016 is yet another important article.

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By Dolores Ford


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