Short Interest in Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Declines By 18.7%

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,057 shares, a decline of 18.7% from the February 26th total of 4,993 shares. Based on an average daily volume of 44,914 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Nuveen ESG High Yield Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA NUHY traded up $0.05 during mid-day trading on Monday, hitting $20.99. The company had a trading volume of 11,976 shares, compared to its average volume of 31,747. The business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $21.59. Nuveen ESG High Yield Corporate Bond ETF has a 12 month low of $20.17 and a 12 month high of $21.85.

Nuveen ESG High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Monday, March 2nd were given a $0.1087 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. RMG Wealth Management LLC lifted its position in Nuveen ESG High Yield Corporate Bond ETF by 43.7% in the third quarter. RMG Wealth Management LLC now owns 11,643 shares of the company’s stock worth $252,000 after purchasing an additional 3,540 shares during the period. Legacy Financial Advisors Inc. raised its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock valued at $304,000 after buying an additional 1,274 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock worth $572,000 after acquiring an additional 26,195 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of Nuveen ESG High Yield Corporate Bond ETF by 79.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 29,585 shares of the company’s stock worth $644,000 after acquiring an additional 13,122 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF during the 4th quarter valued at about $649,000.

Nuveen ESG High Yield Corporate Bond ETF Company Profile

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.