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

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 43,247 shares, a decline of 37.6% from the January 15th total of 69,279 shares. Based on an average trading volume of 12,966 shares, the short-interest ratio is presently 3.3 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 12,966 shares, the short-interest ratio is presently 3.3 days.

Nuveen High Yield Municipal Income ETF Stock Up 0.1%

Shares of NYSEARCA:NHYM traded up $0.02 during midday trading on Friday, reaching $25.07. The company’s stock had a trading volume of 10,574 shares, compared to its average volume of 10,652. The stock has a fifty day moving average of $24.88 and a 200 day moving average of $24.65. Nuveen High Yield Municipal Income ETF has a twelve month low of $23.38 and a twelve month high of $25.49.

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.