Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Sees Significant Increase in Short Interest

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 53,263 shares, an increase of 1,692.8% from the April 15th total of 2,971 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 15,568 shares, the short-interest ratio is presently 3.4 days.

Nuveen High Yield Municipal Income ETF Price Performance

NHYM traded up $0.01 during trading on Monday, hitting $24.97. The stock had a trading volume of 4,760 shares, compared to its average volume of 18,840. Nuveen High Yield Municipal Income ETF has a twelve month low of $23.58 and a twelve month high of $25.33. The stock has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $24.91.

Nuveen High Yield Municipal Income ETF Company Profile

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.