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

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the target of a large 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 shares of the stock are sold short. 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 Stock Up 0.1%

Shares of NUHY traded up $0.03 during midday trading on Tuesday, hitting $21.33. 15,118 shares of the company traded hands, compared to its average volume of 26,765. The firm has a 50 day moving average of $21.35 and a 200-day moving average of $21.44. Nuveen ESG High Yield Corporate Bond ETF has a 52 week low of $20.92 and a 52 week high of $21.85.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NUHY. AdvisorNet Financial Inc increased its stake in Nuveen ESG High Yield Corporate Bond ETF by 82.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock worth $33,000 after acquiring an additional 710 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Nuveen ESG High Yield Corporate Bond ETF during the 1st quarter valued at approximately $253,000. Legacy Financial Advisors Inc. grew 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 worth $304,000 after buying an additional 1,274 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% in 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 last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF in the 4th quarter worth about $649,000.

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.