Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Sees Significant Growth in Short Interest

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 51,339 shares, a growth of 206.3% from the November 30th total of 16,760 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 5,906 shares, the short-interest ratio is currently 8.7 days. Based on an average daily volume of 5,906 shares, the short-interest ratio is currently 8.7 days. Approximately 1.5% of the shares of the company are short sold.

Nuveen High Yield Municipal Income ETF Stock Down 0.2%

Shares of NHYM opened at $24.77 on Friday. Nuveen High Yield Municipal Income ETF has a 52 week low of $23.38 and a 52 week high of $25.49. The company has a 50-day simple moving average of $24.90 and a 200-day simple moving average of $24.45.

About Nuveen High Yield Municipal Income ETF

The Nuveen High Yield Municipal Income ETF (NHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of high-yield US municipal bonds. The fund maintains an overall weighted average maturity of greater than 10 years. NHYM was launched on Jan 22, 2025 and is issued by Nuveen.