Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Sees Large Decline in Short Interest

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 10,691 shares, a decrease of 95.7% from the September 15th total of 251,269 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 151,468 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NUEM. Wealthfront Advisers LLC boosted its position in Nuveen ESG Emerging Markets Equity ETF by 7.9% during the first quarter. Wealthfront Advisers LLC now owns 888,758 shares of the company’s stock valued at $32,652,000 after purchasing an additional 64,985 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Nuveen ESG Emerging Markets Equity ETF by 10.4% during the 1st quarter. Bank of America Corp DE now owns 260,304 shares of the company’s stock worth $9,563,000 after purchasing an additional 24,617 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Nuveen ESG Emerging Markets Equity ETF by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 364,940 shares of the company’s stock valued at $15,487,000 after buying an additional 21,026 shares during the last quarter. Verus Advisory Inc. acquired a new stake in shares of Nuveen ESG Emerging Markets Equity ETF during the 4th quarter valued at about $686,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Nuveen ESG Emerging Markets Equity ETF in the 1st quarter valued at approximately $490,000.

Nuveen ESG Emerging Markets Equity ETF Stock Performance

Shares of NUEM stock traded up $0.38 during mid-day trading on Friday, hitting $42.33. 19,187 shares of the stock traded hands, compared to its average volume of 37,762. Nuveen ESG Emerging Markets Equity ETF has a twelve month low of $33.47 and a twelve month high of $44.66. The firm has a market cap of $397.90 million, a price-to-earnings ratio of 14.73 and a beta of 0.62. The company’s 50-day simple moving average is $42.50 and its 200-day simple moving average is $41.17.

Nuveen ESG Emerging Markets Equity ETF Company Profile

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.