Nuveen Ultra Short Income ETF (NASDAQ:NUSB) Stock Short Interest Rises 1,280.6%

Nuveen Ultra Short Income ETF (NASDAQ:NUSB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,209 shares, a growth of 1,280.6% from the August 31st total of 160 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,287 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Ultra Short Income ETF Trading Up 0.0%

NUSB stock opened at $25.20 on Friday. Nuveen Ultra Short Income ETF has a twelve month low of $25.17 and a twelve month high of $25.66. The firm’s fifty day simple moving average is $25.22 and its two-hundred day simple moving average is $25.23.

Nuveen Ultra Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st were paid a dividend of $0.0836 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. This is a drop from Nuveen Ultra Short Income ETF’s previous monthly dividend of $0.0879.

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.