Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 16,633 shares, a decrease of 75.0% from the September 15th total of 66,591 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 24,126 shares, the short-interest ratio is currently 0.7 days.
Institutional Investors Weigh In On Nuveen High Yield Municipal Income ETF
A hedge fund recently raised its stake in Nuveen High Yield Municipal Income ETF stock. Farther Finance Advisors LLC boosted its holdings in shares of Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM – Free Report) by 83.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,436 shares of the company’s stock after purchasing an additional 3,385 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.13% of Nuveen High Yield Municipal Income ETF worth $171,000 at the end of the most recent quarter.
Nuveen High Yield Municipal Income ETF Stock Up 0.3%
Shares of Nuveen High Yield Municipal Income ETF stock traded up $0.06 during trading hours on Monday, hitting $22.99. 27,332 shares of the company’s stock traded hands, compared to its average volume of 23,787. The stock has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $24.60. Nuveen High Yield Municipal Income ETF has a twelve month low of $22.74 and a twelve month high of $25.33.
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.
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