Short Interest in Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Grows By 188.2%

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 28,294 shares, a growth of 188.2% from the June 30th total of 9,816 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 31,258 shares, the short-interest ratio is presently 0.9 days.

Nuveen ESG Emerging Markets Equity ETF Stock Performance

Shares of NUEM remained flat at $39.87 during mid-day trading on Monday. 19,233 shares of the stock traded hands, compared to its average volume of 26,914. The firm has a market capitalization of $374.78 million, a PE ratio of 14.73 and a beta of 0.62. The firm’s fifty day simple moving average is $41.43 and its two-hundred day simple moving average is $39.50. Nuveen ESG Emerging Markets Equity ETF has a 52 week low of $32.89 and a 52 week high of $44.66.

Hedge Funds Weigh In On Nuveen ESG Emerging Markets Equity ETF

Several hedge funds have recently bought and sold shares of NUEM. Wealthfront Advisers LLC raised its stake in shares of Nuveen ESG Emerging Markets Equity ETF by 7.9% in 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 in the last quarter. Abacus Wealth Partners LLC grew its holdings in Nuveen ESG Emerging Markets Equity ETF by 4.5% during the fourth quarter. Abacus Wealth Partners LLC now owns 606,609 shares of the company’s stock valued at $21,586,000 after purchasing an additional 26,235 shares during the last quarter. Jane Street Group LLC grew its holdings 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 purchasing an additional 302,114 shares during the last quarter. TFC Financial Management Inc. raised its position in shares of Nuveen ESG Emerging Markets Equity ETF by 1.0% in the fourth quarter. TFC Financial Management Inc. now owns 292,752 shares of the company’s stock valued at $10,416,000 after purchasing an additional 2,786 shares during the period. Finally, Bank of America Corp DE raised its position in shares of 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 valued at $9,563,000 after purchasing an additional 24,617 shares during the period.

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.