Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Stock Short Interest Falls 62.6%

Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 3,611 shares, a decline of 62.6% from the August 31st total of 9,653 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 18,865 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Nuveen Growth Opportunities ETF during the second quarter valued at approximately $15,417,000. Sanctuary Advisors LLC purchased a new position in Nuveen Growth Opportunities ETF during the 2nd quarter worth $609,000. Focused Alpha LLC purchased a new position in Nuveen Growth Opportunities ETF during the 2nd quarter worth $465,000. Equitable Holdings Inc. bought a new stake in shares of Nuveen Growth Opportunities ETF in the 2nd quarter worth $316,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Nuveen Growth Opportunities ETF in the second quarter valued at about $179,000.

Nuveen Growth Opportunities ETF Trading Up 0.6%

NYSEARCA NUGO traded up $0.25 during trading hours on Friday, hitting $44.51. The company’s stock had a trading volume of 3,448 shares, compared to its average volume of 93,612. Nuveen Growth Opportunities ETF has a 52 week low of $34.28 and a 52 week high of $44.83. The company has a market capitalization of $2.51 billion, a PE ratio of 40.41 and a beta of 1.16. The company’s 50-day simple moving average is $43.17 and its two-hundred day simple moving average is $41.66.

About Nuveen Growth Opportunities ETF

The Nuveen Growth Opportunities ETF (NUGO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap US stocks selected for growth, quality, and value factors. The fund utilizes the Natixis\u002FNYSE non-transparent model. NUGO was launched on Sep 27, 2021 and is managed by Nuveen.