Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Sees Large Drop in Short Interest

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the target of a significant 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 shares of the stock are sold short. Based on an average daily volume of 15,677 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen ESG High Yield Corporate Bond ETF Trading Down 0.0%

Nuveen ESG High Yield Corporate Bond ETF stock traded down $0.01 during mid-day trading on Friday, hitting $21.32. 10,353 shares of the company traded hands, compared to its average volume of 24,842. Nuveen ESG High Yield Corporate Bond ETF has a one year low of $20.92 and a one year high of $21.85. The stock has a fifty day moving average price of $21.33 and a 200-day moving average price of $21.37.

Institutional Trading of Nuveen ESG High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in NUHY. AdvisorNet Financial Inc grew its position in Nuveen ESG High Yield Corporate Bond ETF by 82.2% in the first quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock worth $33,000 after acquiring an additional 710 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Nuveen ESG High Yield Corporate Bond ETF during the first quarter valued at about $253,000. Legacy Financial Advisors Inc. raised its position in Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock valued at $304,000 after purchasing an additional 1,274 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% during the third 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 last quarter. Finally, Western Wealth Management LLC bought a new stake in Nuveen ESG High Yield Corporate Bond ETF during the fourth quarter worth about $649,000.

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.