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

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 686 shares, a decline of 47.2% from the September 30th total of 1,299 shares. Based on an average trading volume of 46,686 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Nuveen ESG High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 14.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 70,611 shares of the company’s stock worth $1,443,000 after purchasing an additional 8,889 shares during the period. RMG Wealth Management LLC purchased a new position in Nuveen ESG High Yield Corporate Bond ETF during the first quarter valued at $253,000. Farther Finance Advisors LLC lifted its position in Nuveen ESG High Yield Corporate Bond ETF by 8,538.2% during the third quarter. Farther Finance Advisors LLC now owns 9,502 shares of the company’s stock valued at $194,000 after buying an additional 9,392 shares during the period. Finally, Continuum Advisory LLC purchased a new position in Nuveen ESG High Yield Corporate Bond ETF during the second quarter valued at $99,000.

Nuveen ESG High Yield Corporate Bond ETF Stock Down 0.3%

Shares of Nuveen ESG High Yield Corporate Bond ETF stock traded down $0.06 on Friday, hitting $20.42. The stock had a trading volume of 21,405 shares, compared to its average volume of 25,652. The stock’s 50-day simple moving average is $20.73 and its two-hundred day simple moving average is $21.22. Nuveen ESG High Yield Corporate Bond ETF has a one year low of $20.18 and a one year high of $21.78.

About Nuveen ESG High Yield Corporate Bond ETF

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.