Short Interest in Nuveen Dividend Growth ETF (NYSEARCA:NDVG) Drops By 55.6%

Nuveen Dividend Growth ETF (NYSEARCA:NDVG) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 484 shares, a decrease of 55.6% from the December 15th total of 1,091 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 240 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 240 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Nuveen Dividend Growth ETF

A hedge fund recently raised its stake in Nuveen Dividend Growth ETF stock. Forefront Wealth Partners LLC lifted its stake in shares of Nuveen Dividend Growth ETF (NYSEARCA:NDVG) by 35.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,021 shares of the company’s stock after buying an additional 26,311 shares during the quarter. Nuveen Dividend Growth ETF accounts for approximately 2.2% of Forefront Wealth Partners LLC’s holdings, making the stock its 10th largest holding. Forefront Wealth Partners LLC owned about 26.58% of Nuveen Dividend Growth ETF worth $3,313,000 at the end of the most recent reporting period.

Nuveen Dividend Growth ETF Price Performance

NYSEARCA:NDVG traded up $0.14 during mid-day trading on Friday, reaching $36.41. The company’s stock had a trading volume of 502 shares, compared to its average volume of 1,455. The stock has a market cap of $13.84 million, a P/E ratio of 26.32 and a beta of 0.85. The company’s fifty day simple moving average is $35.50 and its two-hundred day simple moving average is $35.13. Nuveen Dividend Growth ETF has a twelve month low of $28.27 and a twelve month high of $36.43.

About Nuveen Dividend Growth ETF

The Nuveen Dividend Growth ETF (NDVG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent ETF that primarily holds dividend-paying equities from around the globe. The fund utilizes the Natixis\u002FNYSE non-transparent model. NDVG was launched on Aug 4, 2021 and is managed by Nuveen.