Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Short Interest Up 206.3% in December

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 51,339 shares, a growth of 206.3% from the November 30th total of 16,760 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 5,906 shares, the days-to-cover ratio is presently 8.7 days. Based on an average trading volume of 5,906 shares, the days-to-cover ratio is presently 8.7 days. Approximately 1.5% of the shares of the stock are sold short.

Nuveen High Yield Municipal Income ETF Trading Down 0.2%

Shares of Nuveen High Yield Municipal Income ETF stock traded down $0.06 during midday trading on Friday, hitting $24.77. 8,930 shares of the company traded hands, compared to its average volume of 18,926. The firm’s fifty day moving average price is $24.90 and its 200-day moving average price is $24.44. Nuveen High Yield Municipal Income ETF has a 12 month low of $23.38 and a 12 month high of $25.49.

About Nuveen High Yield Municipal Income ETF

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.