Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Sees Significant Increase in Short Interest

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 24,568 shares, an increase of 264.6% from the June 15th total of 6,739 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 12,881 shares, the days-to-cover ratio is presently 1.9 days.

Nuveen ESG High Yield Corporate Bond ETF Price Performance

Shares of NUHY stock traded down $0.04 on Monday, hitting $21.30. The stock had a trading volume of 27,548 shares, compared to its average volume of 26,854. Nuveen ESG High Yield Corporate Bond ETF has a twelve month low of $20.92 and a twelve month high of $21.85. The company has a fifty day moving average price of $21.35 and a two-hundred day moving average price of $21.44.

Institutional Investors Weigh In On Nuveen ESG High Yield Corporate Bond ETF

Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in shares of Nuveen ESG High Yield Corporate Bond ETF by 82.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock valued at $33,000 after purchasing an additional 710 shares in the last quarter. RMG Wealth Management LLC bought a new stake in Nuveen ESG High Yield Corporate Bond ETF during the 1st quarter worth approximately $253,000. Legacy Financial Advisors Inc. raised its holdings in Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after buying an additional 1,274 shares during the period. JPMorgan Chase & Co. raised its holdings in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock worth $572,000 after buying an additional 26,195 shares during the period. Finally, Western Wealth Management LLC bought a new position in Nuveen ESG High Yield Corporate Bond ETF in the fourth quarter valued at approximately $649,000.

Nuveen ESG High Yield Corporate Bond ETF Company Profile

The Nuveen ESG High Yield Corporate Bond ETF (NUHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of market-value-weighted US dollar-denominated high yield corporate bonds screened for favorable ESG criteria. NUHY was launched on Sep 25, 2019 and is managed by Nuveen.