Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Short Interest Update

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 15,756 shares, a growth of 83.7% from the March 15th total of 8,579 shares. Based on an average trading volume of 8,667 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the company’s shares are short sold.

Nuveen High Yield Municipal Income ETF Price Performance

Shares of NHYM opened at $24.89 on Monday. Nuveen High Yield Municipal Income ETF has a 52-week low of $23.54 and a 52-week high of $25.33. The stock has a fifty day simple moving average of $24.91 and a two-hundred day simple moving average of $24.88.

Nuveen High Yield Municipal Income ETF Company Profile

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.