Nuveen Ultra Short Income ETF (NASDAQ:NUSB) Sees Large Growth in Short Interest

Nuveen Ultra Short Income ETF (NASDAQ:NUSB) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 12,443 shares, a growth of 427.5% from the October 15th total of 2,359 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 19,079 shares, the short-interest ratio is presently 0.7 days.

Nuveen Ultra Short Income ETF Stock Performance

Shares of NASDAQ:NUSB traded down $0.01 during mid-day trading on Wednesday, hitting $25.16. The company had a trading volume of 264 shares, compared to its average volume of 2,680. Nuveen Ultra Short Income ETF has a one year low of $25.12 and a one year high of $25.66. The firm has a fifty day moving average price of $25.19 and a 200 day moving average price of $25.23.

Nuveen Ultra Short Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 3rd. Shareholders of record on Monday, November 2nd were issued a $0.0921 dividend. The ex-dividend date was Monday, November 2nd. This is an increase from Nuveen Ultra Short Income ETF’s previous monthly dividend of $0.0849. This represents a $1.11 annualized dividend and a yield of 4.4%.

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.