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

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 4,073 shares, a growth of 142.7% from the January 29th total of 1,678 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 31,613 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 31,613 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Nuveen ESG High Yield Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA NUHY opened at $21.64 on Friday. Nuveen ESG High Yield Corporate Bond ETF has a 52 week low of $20.17 and a 52 week high of $21.85. The firm has a 50-day moving average price of $21.65 and a 200 day moving average price of $21.65.

Nuveen ESG High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Monday, February 2nd were issued a $0.1103 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. This is an increase from Nuveen ESG High Yield Corporate Bond ETF’s previous monthly dividend of $0.11.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Financial Advisors Inc. boosted its position in Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the fourth 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. Olde Wealth Management LLC raised its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 10.1% during the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock worth $766,000 after buying an additional 3,264 shares during the last quarter. RMG Wealth Management LLC boosted its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 43.7% in the 3rd quarter. RMG Wealth Management LLC now owns 11,643 shares of the company’s stock worth $252,000 after buying an additional 3,540 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 67.5% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 16,463 shares of the company’s stock valued at $357,000 after acquiring an additional 6,637 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock valued at $572,000 after acquiring an additional 26,195 shares during the last quarter.

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.