Short Interest in Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Declines By 36.2%

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,690 shares, a decrease of 36.2% from the April 15th total of 5,780 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 22,196 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen ESG High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUHY. RMG Wealth Management LLC boosted its stake in Nuveen ESG High Yield Corporate Bond ETF by 43.7% in the 3rd 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. GPS Wealth Strategies Group LLC boosted its stake in Nuveen ESG High Yield Corporate Bond ETF by 79.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 29,585 shares of the company’s stock worth $644,000 after purchasing an additional 13,122 shares during the period. JPMorgan Chase & Co. boosted its stake in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock worth $572,000 after purchasing an additional 26,195 shares during the period. Olde Wealth Management LLC acquired a new position in Nuveen ESG High Yield Corporate Bond ETF in the 3rd quarter worth $696,000. Finally, Legacy Financial Advisors Inc. boosted its stake in 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 worth $304,000 after purchasing an additional 1,274 shares during the period.

Nuveen ESG High Yield Corporate Bond ETF Price Performance

NYSEARCA NUHY traded down $0.04 on Monday, reaching $21.19. The company had a trading volume of 28,896 shares, compared to its average volume of 31,090. Nuveen ESG High Yield Corporate Bond ETF has a 1-year low of $20.92 and a 1-year high of $21.85. The company’s fifty day moving average is $21.30 and its 200-day moving average is $21.51.

About Nuveen ESG High Yield Corporate Bond ETF

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.