Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Stock Short Interest Drops 47.2%

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

Institutional Investors Weigh In On Nuveen ESG High Yield Corporate Bond ETF

Several hedge funds have recently made changes to their positions in NUHY. Prime Capital Investment Advisors LLC grew its position in shares of 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 valued at $1,443,000 after purchasing an additional 8,889 shares during the period. 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 worth $194,000 after buying an additional 9,392 shares during the period. Continuum Advisory LLC purchased a new position in Nuveen ESG High Yield Corporate Bond ETF during the second quarter worth about $99,000. Finally, RMG Wealth Management LLC purchased a new position in Nuveen ESG High Yield Corporate Bond ETF during the first quarter worth about $253,000.

Nuveen ESG High Yield Corporate Bond ETF Stock Down 0.3%

NUHY stock traded down $0.06 during midday trading on Friday, hitting $20.42. The stock had a trading volume of 21,405 shares, compared to its average volume of 25,652. Nuveen ESG High Yield Corporate Bond ETF has a 12-month low of $20.18 and a 12-month high of $21.78. The company’s 50-day moving average price is $20.73 and its 200 day moving average price is $21.22.

Nuveen ESG High Yield Corporate Bond ETF Company Profile

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.