Nuveen Ultra Short Income ETF (NASDAQ:NUSB – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,209 shares, a growth of 1,280.6% from the August 31st total of 160 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 10,287 shares, the short-interest ratio is presently 0.2 days.
Nuveen Ultra Short Income ETF Price Performance
Shares of NASDAQ NUSB traded up $0.00 during midday trading on Friday, hitting $25.20. 24 shares of the company traded hands, compared to its average volume of 1,791. Nuveen Ultra Short Income ETF has a 12-month low of $25.17 and a 12-month high of $25.66. The stock has a 50-day moving average price of $25.22 and a 200 day moving average price of $25.23.
Nuveen Ultra Short Income ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.0836 per share. This is a negative change from Nuveen Ultra Short Income ETF’s previous monthly dividend of $0.0879. The ex-dividend date was Tuesday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%.
About Nuveen Ultra Short Income ETF
The Nuveen Ultra Short Income ETF (NUSB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an ultra short-term portfolio of USD-denominated, income-producing fixed income securities primarily rated investment grade. The actively managed fund seeks to provide total return consistent with capital preservation. NUSB was launched on Mar 5, 2024 and is issued by Nuveen.
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