Short Interest in Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Grows By 61.6%

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 39,695 shares, an increase of 61.6% from the June 30th total of 24,568 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 25,547 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Nuveen ESG High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Olde Wealth Management LLC grew its holdings in Nuveen ESG High Yield Corporate Bond ETF by 10.1% in the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock valued at $766,000 after buying an additional 3,264 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Nuveen ESG High Yield Corporate Bond ETF during the fourth quarter worth about $649,000. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 26,195 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock valued at $304,000 after purchasing an additional 1,274 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in Nuveen ESG High Yield Corporate Bond ETF in the first quarter valued at about $253,000.

Nuveen ESG High Yield Corporate Bond ETF Stock Down 0.1%

Shares of NYSEARCA:NUHY traded down $0.02 during trading on Friday, hitting $21.25. 36,670 shares of the company were exchanged, compared to its average volume of 25,709. Nuveen ESG High Yield Corporate Bond ETF has a fifty-two week low of $20.92 and a fifty-two week high of $21.85. The firm has a fifty day moving average price of $21.35 and a two-hundred day moving average price of $21.41.

About Nuveen ESG High Yield Corporate Bond ETF

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.