Nuveen Ultra Short Income ETF (NASDAQ:NUSB) Sees Significant Decrease in Short Interest

Nuveen Ultra Short Income ETF (NASDAQ:NUSB) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 2,239 shares, a decline of 61.7% from the April 30th total of 5,852 shares. Based on an average daily volume of 885 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.0% of the company’s stock are sold short.

Nuveen Ultra Short Income ETF Price Performance

NUSB opened at $25.27 on Friday. Nuveen Ultra Short Income ETF has a 12 month low of $25.19 and a 12 month high of $25.66. The business has a fifty day moving average price of $25.24 and a 200 day moving average price of $25.26.

Nuveen Ultra Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 4th. Investors of record on Friday, May 1st were paid a dividend of $0.0833 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st.

About Nuveen Ultra Short Income ETF

The Nuveen Ultra Short Income ETF (NUSB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an ultra short-term portfolio of USD-denominated, income-producing fixed income securities primarily rated investment grade. The actively managed fund seeks to provide total return consistent with capital preservation. NUSB was launched on Mar 5, 2024 and is issued by Nuveen.