Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Sees Significant Increase in Short Interest

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 68,723 shares, a growth of 142.9% from the July 15th total of 28,294 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 53,314 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Nuveen ESG Emerging Markets Equity ETF

A number of institutional investors have recently bought and sold shares of NUEM. Smartleaf Asset Management LLC acquired a new stake in Nuveen ESG Emerging Markets Equity ETF during the 4th quarter valued at approximately $27,000. Millstone Evans Group LLC acquired a new stake in shares of Nuveen ESG Emerging Markets Equity ETF in the fourth quarter worth $34,000. Advisory Services Network LLC purchased a new position in shares of Nuveen ESG Emerging Markets Equity ETF during the third quarter worth $70,000. Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen ESG Emerging Markets Equity ETF during the third quarter worth $210,000. Finally, Betterment LLC acquired a new position in Nuveen ESG Emerging Markets Equity ETF during the third quarter valued at $213,000.

Nuveen ESG Emerging Markets Equity ETF Price Performance

Shares of BATS:NUEM opened at $42.26 on Friday. Nuveen ESG Emerging Markets Equity ETF has a 52-week low of $33.47 and a 52-week high of $44.66. The stock has a market cap of $397.24 million, a price-to-earnings ratio of 14.73 and a beta of 0.62. The business has a 50-day moving average price of $41.20 and a 200-day moving average price of $39.84.

About Nuveen ESG Emerging Markets Equity ETF

The Nuveen ESG Emerging Markets Equity ETF (NUEM) is an exchange-traded fund that is based on the MSCI TIAA ESG Emerging Markets index. The fund tracks an index of large- and mid-cap emerging-market stocks that score highly on environmental, social, and governance (ESG) criteria. The index is optimized for market-like risk and return characteristics. NUEM was launched on Jun 7, 2017 and is managed by Nuveen.