Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Short Interest Up 1,692.8% in April

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 53,263 shares, a growth of 1,692.8% from the April 15th total of 2,971 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 15,568 shares, the short-interest ratio is presently 3.4 days.

Nuveen High Yield Municipal Income ETF Stock Down 0.2%

Shares of NYSEARCA NHYM traded down $0.04 during midday trading on Wednesday, reaching $24.89. 8,738 shares of the stock were exchanged, compared to its average volume of 18,603. The company has a 50 day simple moving average of $24.87 and a 200 day simple moving average of $24.91. Nuveen High Yield Municipal Income ETF has a twelve month low of $23.58 and a twelve month high of $25.33.

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.