Nuveen Preferred Securities Inco (NYSE:JPS) on Focus After Report of Less Shorts

September 17, 2017 - By Richard Conner

 Nuveen Preferred Securities Inco (NYSE:JPS) on Focus After Report of Less Shorts

Investors sentiment increased to 1.62 in 2016 Q4. 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.
Webster Savings Bank N A reported 2,000 shares or 0% of all its holdings. Tradewinds Cap Mgmt Limited Co invested in 790 shares. Walleye Trading Ltd reported 10,000 shares. Comerica Natl Bank holds 0% or 17,250 shares. Lpl Lc invested 0.08% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). Scotia Capital accumulated 40,508 shares. Guggenheim Cap Ltd Llc reported 0% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). Invesco Limited invested in 1.46M shares or 0% of the stock. Greatmark Inv Prns Inc owns 1.25% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 318,012 shares. United Asset Strategies Inc invested in 61,710 shares. Seizert Cap Prns Ltd Liability holds 0.01% or 15,601 shares. First Manhattan holds 6 shares or 0% of its portfolio. Oxbow Lc holds 0.19% or 161,272 shares in its portfolio. Duncker Streett &, a Missouri-based fund reported 8,860 shares. Commonwealth Service Llc owns 1,234 shares.

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.

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