Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Sees Large Growth in Short Interest

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 24,568 shares, a growth of 264.6% from the June 15th total of 6,739 shares. Based on an average daily trading volume, of 12,881 shares, the short-interest ratio is currently 1.9 days. Currently, 0.5% of the shares of the stock are sold short.

Nuveen ESG High Yield Corporate Bond ETF Price Performance

NYSEARCA NUHY traded down $0.04 on Monday, hitting $21.30. The company had a trading volume of 27,548 shares, compared to its average volume of 26,854. The company’s fifty day moving average price is $21.35 and its 200-day moving average price is $21.44. Nuveen ESG High Yield Corporate Bond ETF has a 12-month low of $20.92 and a 12-month high of $21.85.

Institutional Investors Weigh In On Nuveen ESG High Yield Corporate Bond ETF

A number of hedge funds have recently modified their holdings of NUHY. RMG Wealth Management LLC purchased a new position in shares of Nuveen ESG High Yield Corporate Bond ETF in the first quarter worth about $253,000. AdvisorNet Financial Inc grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 82.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock valued at $33,000 after acquiring an additional 710 shares in the last quarter. Olde Wealth Management LLC raised its holdings in Nuveen ESG High Yield Corporate Bond ETF by 10.1% in the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock valued at $766,000 after acquiring an additional 3,264 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Nuveen ESG High Yield Corporate Bond ETF in the 4th quarter valued at about $649,000. Finally, Legacy Financial Advisors Inc. lifted its stake in Nuveen ESG High Yield Corporate Bond ETF by 9.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after purchasing an additional 1,274 shares in the last quarter.

Nuveen ESG High Yield Corporate Bond ETF Company Profile

The Nuveen ESG High Yield Corporate Bond ETF (NUHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of market-value-weighted US dollar-denominated high yield corporate bonds screened for favorable ESG criteria. NUHY was launched on Sep 25, 2019 and is managed by Nuveen.