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 recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 20,300 shares, a growth of 178.1% from the September 30th total of 7,300 shares. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is presently 1.7 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. purchased a new position in Nuveen ESG High Yield Corporate Bond ETF in the first quarter valued at approximately $37,000. Rossby Financial LCC purchased a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the first quarter valued at approximately $49,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the first quarter valued at approximately $71,000. RMG Wealth Management LLC purchased a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the second quarter valued at approximately $175,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 67.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 16,463 shares of the company’s stock valued at $357,000 after purchasing an additional 6,637 shares during the period.

Nuveen ESG High Yield Corporate Bond ETF Stock Performance

NYSEARCA NUHY opened at $21.68 on Friday. Nuveen ESG High Yield Corporate Bond ETF has a one year low of $20.17 and a one year high of $21.85. The company’s 50 day moving average price is $21.70 and its 200 day moving average price is $21.49.

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.