Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Sees Significant Drop in Short Interest

Nuveen Growth Opportunities ETF (NYSEARCA:NUGO – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 3,611 shares, a decline of 62.6% from the August 31st total of 9,653 shares. Based on an average daily volume of 18,865 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen Growth Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in Nuveen Growth Opportunities ETF in the second quarter valued at approximately $15,417,000. Sanctuary Advisors LLC bought a new stake in Nuveen Growth Opportunities ETF in the second quarter worth approximately $609,000. Focused Alpha LLC acquired a new position in shares of Nuveen Growth Opportunities ETF during the 2nd quarter worth $465,000. Equitable Holdings Inc. acquired a new position in shares of Nuveen Growth Opportunities ETF during the 2nd quarter worth $316,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of Nuveen Growth Opportunities ETF during the 2nd quarter valued at $179,000.

Nuveen Growth Opportunities ETF Stock Down 0.6%

Shares of NUGO traded down $0.28 during midday trading on Monday, reaching $44.23. 4,183 shares of the stock were exchanged, compared to its average volume of 93,128. Nuveen Growth Opportunities ETF has a 12-month low of $34.28 and a 12-month high of $44.83. The firm has a 50 day simple moving average of $43.21 and a 200-day simple moving average of $41.73. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 40.41 and a beta of 1.16.

About Nuveen Growth Opportunities ETF

(Get Free Report)

The Nuveen Growth Opportunities ETF (NUGO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap US stocks selected for growth, quality, and value factors. The fund utilizes the Natixis\u002FNYSE non-transparent model. NUGO was launched on Sep 27, 2021 and is managed by Nuveen.

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