Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 37,908 shares, an increase of 127.9% from the September 30th total of 16,633 shares. Based on an average trading volume of 76,727 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are short sold.
Nuveen High Yield Municipal Income ETF Price Performance
Shares of Nuveen High Yield Municipal Income ETF stock traded up $0.08 on Friday, hitting $23.92. The stock had a trading volume of 13,545 shares, compared to its average volume of 24,411. Nuveen High Yield Municipal Income ETF has a twelve month low of $22.74 and a twelve month high of $25.33. The business’s 50 day moving average is $23.75 and its two-hundred day moving average is $24.62.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Nuveen High Yield Municipal Income ETF stock. Farther Finance Advisors LLC raised its position in Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM – Free Report) by 83.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,436 shares of the company’s stock after buying an additional 3,385 shares during the quarter. Farther Finance Advisors LLC owned 0.13% of Nuveen High Yield Municipal Income ETF worth $171,000 at the end of the most recent reporting period.
About Nuveen High Yield Municipal Income ETF
The Nuveen High Yield Municipal Income ETF (NHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of high-yield US municipal bonds. The fund maintains an overall weighted average maturity of greater than 10 years. NHYM was launched on Jan 22, 2025 and is issued by Nuveen.
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