Could Nuveen Preferred Securities Inco (NYSE:JPS) Skyrocket? The Stock Had Too Little Sellers

September 17, 2017 - By Marguerite Chambers

 Could Nuveen Preferred Securities Inco (NYSE:JPS) Skyrocket? The Stock Had Too Little Sellers

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.
Clearbridge Investments Ltd holds 0% or 976 shares in its portfolio. Krasney Fincl Limited Co owns 52,206 shares. Da Davidson Com holds 0% or 200 shares. 369,637 were accumulated by Cambridge Invest Research. Bartlett And Ltd accumulated 3,458 shares. Comerica Savings Bank stated it has 0% in Nuveen Preferred Securities Income Fund (NYSE:JPS). Millennium Management Ltd Liability holds 0% in Nuveen Preferred Securities Income Fund (NYSE:JPS) or 183,009 shares. Winfield Inc holds 1,155 shares. First Tru Advsr L P invested in 0% or 10,374 shares. North Star Inv Corporation holds 0% or 96 shares in its portfolio. Northern Trust invested in 35,182 shares or 0% of the stock. First City Cap Mgmt invested in 10,740 shares. Green Square Capital Limited Co invested in 0.1% or 52,912 shares. 12,825 were reported by Cutter And Brokerage Inc. Raymond James Finance Serv Advsr accumulated 249,798 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: Forbes.com, which released: “Ditch Your Common Dividends For These 7%+ ‘Preferred’ Yields” on April 29, 2017. Businesswire.com‘s article titled: “Two Nuveen Preferred Closed-End Funds Approve Policy and Name Changes” and published on July 12, 2017 is yet another important article.

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