Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Short Interest Up 95.3% in August

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 20,490 shares, a growth of 95.3% from the July 30th total of 10,491 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 12,332 shares, the days-to-cover ratio is presently 1.7 days.

Nuveen ESG High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA:NUHY traded down $0.05 during mid-day trading on Friday, reaching $21.30. The stock had a trading volume of 6,977 shares, compared to its average volume of 24,707. The firm has a 50 day simple moving average of $21.31 and a two-hundred day simple moving average of $21.35. Nuveen ESG High Yield Corporate Bond ETF has a twelve month low of $20.92 and a twelve month high of $21.85.

Institutional Investors Weigh In On Nuveen ESG High Yield Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC bought a new position in shares of Nuveen ESG High Yield Corporate Bond ETF during the second quarter worth $99,000. RMG Wealth Management LLC bought a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF in the 1st quarter valued at $253,000. AdvisorNet Financial Inc raised its stake in Nuveen ESG High Yield Corporate Bond ETF by 82.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock worth $33,000 after buying an additional 710 shares during the period. Olde Wealth Management LLC raised its stake in Nuveen ESG High Yield Corporate Bond ETF by 10.1% during the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock worth $766,000 after buying an additional 3,264 shares during the period. Finally, Western Wealth Management LLC bought a new position in Nuveen ESG High Yield Corporate Bond ETF during the fourth quarter worth about $649,000.

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.