Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Sees Significant Increase in Short Interest

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 68,723 shares, a growth of 142.9% from the July 15th total of 28,294 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 53,314 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Nuveen ESG Emerging Markets Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC purchased a new stake in Nuveen ESG Emerging Markets Equity ETF in the 4th quarter worth $27,000. Millstone Evans Group LLC acquired a new position in Nuveen ESG Emerging Markets Equity ETF during the fourth quarter worth $34,000. Advisory Services Network LLC purchased a new position in Nuveen ESG Emerging Markets Equity ETF during the third quarter valued at $70,000. Integrated Wealth Concepts LLC purchased a new position in Nuveen ESG Emerging Markets Equity ETF during the third quarter valued at $210,000. Finally, Betterment LLC acquired a new stake in shares of Nuveen ESG Emerging Markets Equity ETF in the third quarter valued at about $213,000.

Nuveen ESG Emerging Markets Equity ETF Stock Performance

Shares of NUEM opened at $42.26 on Friday. The firm has a market cap of $397.24 million, a P/E ratio of 14.73 and a beta of 0.62. Nuveen ESG Emerging Markets Equity ETF has a 12 month low of $33.47 and a 12 month high of $44.66. The stock’s 50 day moving average is $41.20 and its two-hundred day moving average is $39.84.

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.