Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Stock Short Interest Rises 127.9%

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 37,908 shares, a growth of 127.9% from the September 30th total of 16,633 shares. Based on an average trading volume of 76,727 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short.

Nuveen High Yield Municipal Income ETF Stock Performance

Shares of NHYM traded up $0.08 during midday trading on Friday, hitting $23.92. The stock had a trading volume of 13,545 shares, compared to its average volume of 24,411. Nuveen High Yield Municipal Income ETF has a fifty-two week low of $22.74 and a fifty-two week high of $25.33. The business has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $24.62.

Institutional Trading of Nuveen High Yield Municipal Income ETF

An institutional investor recently raised its stake in Nuveen High Yield Municipal Income ETF stock. Farther Finance Advisors LLC boosted its holdings in shares of Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) by 83.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,436 shares of the company’s stock after buying an additional 3,385 shares during the quarter. Farther Finance Advisors LLC owned about 0.13% of Nuveen High Yield Municipal Income ETF worth $171,000 at the end of the most recent quarter.

Nuveen High Yield Municipal Income ETF Company Profile

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