Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Sees Large Decline in Short Interest

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 13,317 shares, a decrease of 49.3% from the May 31st total of 26,264 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 35,672 shares, the short-interest ratio is currently 0.4 days.

Nuveen ESG Emerging Markets Equity ETF Trading Down 2.3%

NUEM opened at $41.45 on Thursday. The company has a market cap of $389.63 million, a price-to-earnings ratio of 14.73 and a beta of 0.62. The stock has a fifty day simple moving average of $41.60 and a two-hundred day simple moving average of $38.92. Nuveen ESG Emerging Markets Equity ETF has a 12-month low of $32.89 and a 12-month high of $44.66.

Institutional Trading of Nuveen ESG Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of NUEM. Wealthfront Advisers LLC lifted its position in Nuveen ESG Emerging Markets Equity ETF by 7.9% during the 1st quarter. Wealthfront Advisers LLC now owns 888,758 shares of the company’s stock valued at $32,652,000 after acquiring an additional 64,985 shares during the period. Abacus Wealth Partners LLC boosted its position in shares of Nuveen ESG Emerging Markets Equity ETF by 4.5% in the 4th quarter. Abacus Wealth Partners LLC now owns 606,609 shares of the company’s stock worth $21,586,000 after purchasing an additional 26,235 shares in the last quarter. Jane Street Group LLC raised its stake in Nuveen ESG Emerging Markets Equity ETF by 2,686.9% during the first quarter. Jane Street Group LLC now owns 313,358 shares of the company’s stock valued at $9,166,000 after buying an additional 302,114 shares during the last quarter. TFC Financial Management Inc. raised its stake in Nuveen ESG Emerging Markets Equity ETF by 1.0% during the fourth quarter. TFC Financial Management Inc. now owns 292,752 shares of the company’s stock valued at $10,416,000 after buying an additional 2,786 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Nuveen ESG Emerging Markets Equity ETF by 10.4% in the first quarter. Bank of America Corp DE now owns 260,304 shares of the company’s stock worth $9,563,000 after acquiring an additional 24,617 shares in the last quarter.

About Nuveen ESG Emerging Markets Equity ETF

The Nuveen ESG Emerging Markets Equity ETF (NUEM) is an exchange-traded fund that is based on the MSCI TIAA ESG Emerging Markets index. The fund tracks an index of large- and mid-cap emerging-market stocks that score highly on environmental, social, and governance (ESG) criteria. The index is optimized for market-like risk and return characteristics. NUEM was launched on Jun 7, 2017 and is managed by Nuveen.