Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Sees Large Increase in Short Interest

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,462 shares, an increase of 344.9% from the May 14th total of 1,003 shares. Based on an average daily volume of 17,941 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Nuveen ESG High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Olde Wealth Management LLC increased its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 10.1% during the fourth quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock valued at $766,000 after purchasing an additional 3,264 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Nuveen ESG High Yield Corporate Bond ETF during the fourth quarter valued at approximately $649,000. JPMorgan Chase & Co. increased its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% during the third quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock valued at $572,000 after purchasing an additional 26,195 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock valued at $304,000 after purchasing an additional 1,274 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of Nuveen ESG High Yield Corporate Bond ETF during the first quarter valued at approximately $253,000.

Nuveen ESG High Yield Corporate Bond ETF Stock Up 0.0%

NYSEARCA:NUHY opened at $21.39 on Friday. The company has a 50-day moving average price of $21.36 and a 200-day moving average price of $21.48. Nuveen ESG High Yield Corporate Bond ETF has a 12 month low of $20.92 and a 12 month high of $21.85.

About Nuveen ESG High Yield Corporate Bond ETF

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.