Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Sees Significant Increase in Short Interest

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 53,263 shares, an increase of 1,692.8% from the April 15th total of 2,971 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 15,568 shares, the days-to-cover ratio is currently 3.4 days.

Nuveen High Yield Municipal Income ETF Stock Up 0.0%

Nuveen High Yield Municipal Income ETF stock traded up $0.01 during midday trading on Monday, hitting $24.97. 4,760 shares of the company were exchanged, compared to its average volume of 18,840. Nuveen High Yield Municipal Income ETF has a fifty-two week low of $23.58 and a fifty-two week high of $25.33. The business has a fifty day simple moving average of $24.88 and a two-hundred day simple moving average of $24.91.

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.