Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Sees Significant Growth in Short Interest

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 68,723 shares, an increase of 142.9% from the July 15th total of 28,294 shares. Based on an average daily trading volume, of 53,314 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Nuveen ESG Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of NUEM. Smartleaf Asset Management LLC acquired a new position in shares of Nuveen ESG Emerging Markets Equity ETF in the 4th quarter valued at $27,000. Millstone Evans Group LLC purchased a new position in shares of Nuveen ESG Emerging Markets Equity ETF in the 4th quarter worth $34,000. Advisory Services Network LLC acquired a new position in Nuveen ESG Emerging Markets Equity ETF in the third quarter valued at $70,000. Integrated Wealth Concepts LLC acquired a new position in Nuveen ESG Emerging Markets Equity ETF in the third quarter valued at $210,000. Finally, Betterment LLC purchased a new stake in Nuveen ESG Emerging Markets Equity ETF during the third quarter valued at about $213,000.

Nuveen ESG Emerging Markets Equity ETF Price Performance

BATS NUEM opened at $42.24 on Friday. The company has a market cap of $397.06 million, a P/E ratio of 14.73 and a beta of 0.62. Nuveen ESG Emerging Markets Equity ETF has a 12 month low of $33.47 and a 12 month high of $44.66. The company has a 50-day moving average of $41.25 and a 200-day moving average of $39.85.

About Nuveen ESG Emerging Markets Equity ETF

The Nuveen ESG Emerging Markets Equity ETF (NUEM) is an exchange-traded fund that is based on the MSCI TIAA ESG Emerging Markets index. The fund tracks an index of large- and mid-cap emerging-market stocks that score highly on environmental, social, and governance (ESG) criteria. The index is optimized for market-like risk and return characteristics. NUEM was launched on Jun 7, 2017 and is managed by Nuveen.