Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Sees Large Growth in Short Interest

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 24,568 shares, a growth of 264.6% from the June 15th total of 6,739 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 12,881 shares, the short-interest ratio is presently 1.9 days.

Nuveen ESG High Yield Corporate Bond ETF Stock Down 0.2%

Shares of NUHY stock traded down $0.04 during trading on Monday, hitting $21.30. 27,548 shares of the stock traded hands, compared to its average volume of 26,854. Nuveen ESG High Yield Corporate Bond ETF has a 52-week low of $20.92 and a 52-week high of $21.85. The firm’s fifty day moving average price is $21.35 and its 200-day moving average price is $21.44.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUHY. AdvisorNet Financial Inc lifted its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 82.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock valued at $33,000 after purchasing an additional 710 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the 1st quarter worth about $253,000. Legacy Financial Advisors Inc. increased its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after purchasing an additional 1,274 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock valued at $572,000 after buying an additional 26,195 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in Nuveen ESG High Yield Corporate Bond ETF in the 4th quarter valued at about $649,000.

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.