Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Sees Large Growth in Short Interest

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 8,579 shares, a growth of 45.2% from the February 26th total of 5,908 shares. Based on an average trading volume of 6,306 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the company’s stock are sold short.

Nuveen High Yield Municipal Income ETF Trading Up 0.2%

NYSEARCA:NHYM traded up $0.04 during midday trading on Monday, reaching $24.56. The company had a trading volume of 6,843 shares, compared to its average volume of 8,606. The stock’s fifty day simple moving average is $24.94 and its 200-day simple moving average is $24.87. Nuveen High Yield Municipal Income ETF has a 12-month low of $23.38 and a 12-month high of $25.33.

Nuveen High Yield Municipal Income ETF Company Profile

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.