Short Interest in Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Drops By 73.6%

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 10,491 shares, a drop of 73.6% from the July 15th total of 39,695 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 15,677 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Nuveen ESG High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in Nuveen ESG High Yield Corporate Bond ETF during the 4th quarter worth approximately $649,000. Legacy Financial Advisors Inc. grew its position 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 worth $304,000 after acquiring an additional 1,274 shares in the last quarter. RMG Wealth Management LLC bought a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF in the 1st quarter valued at approximately $253,000. AdvisorNet Financial Inc raised its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 82.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock valued at $33,000 after acquiring an additional 710 shares in the last quarter. Finally, Olde Wealth Management LLC raised its position in shares of Nuveen ESG High Yield Corporate Bond ETF by 10.1% during the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock valued at $766,000 after acquiring an additional 3,264 shares in the last quarter.

Nuveen ESG High Yield Corporate Bond ETF Price Performance

Shares of NUHY traded up $0.05 during midday trading on Thursday, hitting $21.32. The company had a trading volume of 4,700 shares, compared to its average volume of 24,848. The company’s 50 day moving average price is $21.32 and its 200 day moving average price is $21.38. Nuveen ESG High Yield Corporate Bond ETF has a 52 week low of $20.92 and a 52 week high of $21.85.

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.