Nuveen Municipal Income ETF (NYSEARCA:NUMI) Sees Significant Increase in Short Interest

Nuveen Municipal Income ETF (NYSEARCA:NUMI) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 31,294 shares, a growth of 155.7% from the September 30th total of 12,237 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 79,540 shares, the short-interest ratio is presently 0.4 days.

Nuveen Municipal Income ETF Trading Up 0.3%

NYSEARCA:NUMI traded up $0.07 on Friday, hitting $24.35. The stock had a trading volume of 24,750 shares, compared to its average volume of 13,414. Nuveen Municipal Income ETF has a 52-week low of $22.51 and a 52-week high of $25.66. The business’s 50-day simple moving average is $24.03 and its two-hundred day simple moving average is $24.84.

Institutional Investors Weigh In On Nuveen Municipal Income ETF

An institutional investor recently raised its stake in Nuveen Municipal Income ETF stock. Farther Finance Advisors LLC grew its position in shares of Nuveen Municipal Income ETF (NYSEARCA:NUMI) by 80.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,367 shares of the company’s stock after purchasing an additional 8,203 shares during the period. Farther Finance Advisors LLC owned approximately 0.57% of Nuveen Municipal Income ETF worth $430,000 at the end of the most recent reporting period.

Nuveen Municipal Income ETF Company Profile

The Nuveen Municipal Income ETF (NUMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of US municipal bonds of any credit quality. The fund maintains an overall weighted average maturity of greater than 10 years. NUMI was launched on Jan 22, 2025 and is issued by Nuveen.