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

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

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc boosted 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 purchasing an additional 710 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Nuveen ESG High Yield Corporate Bond ETF during the 1st quarter worth approximately $253,000. Legacy Financial Advisors Inc. increased its stake 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 valued at $304,000 after purchasing an additional 1,274 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 valued at $572,000 after purchasing an additional 26,195 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Nuveen ESG High Yield Corporate Bond ETF in the fourth quarter worth $649,000.

Nuveen ESG High Yield Corporate Bond ETF Trading Down 0.1%

Nuveen ESG High Yield Corporate Bond ETF stock opened at $21.25 on Friday. The stock has a 50-day moving average of $21.35 and a two-hundred day moving average of $21.41. Nuveen ESG High Yield Corporate Bond ETF has a one year low of $20.92 and a one year high of $21.85.

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.