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

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 39,695 shares, a growth of 61.6% from the June 30th total of 24,568 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 25,547 shares, the days-to-cover ratio is currently 1.6 days.

Nuveen ESG High Yield Corporate Bond ETF Stock Performance

NUHY stock traded down $0.02 during mid-day trading on Friday, hitting $21.25. The company had a trading volume of 36,670 shares, compared to its average volume of 25,709. Nuveen ESG High Yield Corporate Bond ETF has a 12 month low of $20.92 and a 12 month high of $21.85. The stock’s fifty day moving average price is $21.35 and its two-hundred day moving average price is $21.41.

Institutional Trading of Nuveen ESG High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in NUHY. Western Wealth Management LLC bought a new stake in Nuveen ESG High Yield Corporate Bond ETF during the 4th quarter worth approximately $649,000. JPMorgan Chase & Co. boosted its position in 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 valued at $572,000 after buying an additional 26,195 shares during the period. RMG Wealth Management LLC purchased a new position in Nuveen ESG High Yield Corporate Bond ETF in the 1st quarter worth approximately $253,000. Olde Wealth Management LLC grew its holdings in Nuveen ESG High Yield Corporate Bond ETF by 10.1% in the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock worth $766,000 after acquiring an additional 3,264 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after buying an additional 1,274 shares during the last quarter.

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.