Short Interest in Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Expands By 344.9%

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,462 shares, an increase of 344.9% from the May 14th total of 1,003 shares. Based on an average trading volume of 17,941 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Nuveen ESG High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of NUHY. Olde Wealth Management LLC purchased a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the third quarter worth about $696,000. Western Wealth Management LLC purchased a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the fourth quarter worth about $649,000. JPMorgan Chase & Co. increased its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% during the third quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock worth $572,000 after acquiring an additional 26,195 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the first quarter worth about $253,000. Finally, Legacy Financial Advisors Inc. increased its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after acquiring an additional 1,274 shares during the last quarter.

Nuveen ESG High Yield Corporate Bond ETF Stock Up 0.0%

Shares of NYSEARCA NUHY opened at $21.39 on Friday. Nuveen ESG High Yield Corporate Bond ETF has a 1 year low of $20.92 and a 1 year high of $21.85. The stock’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $21.48.

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.