Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Short Interest Down 37.6% in January

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 43,247 shares, a decline of 37.6% from the January 15th total of 69,279 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 12,966 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 12,966 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.9% of the shares of the company are sold short.

Nuveen High Yield Municipal Income ETF Stock Up 0.1%

Shares of NHYM traded up $0.02 during midday trading on Friday, reaching $25.07. 10,574 shares of the stock were exchanged, compared to its average volume of 10,652. Nuveen High Yield Municipal Income ETF has a twelve month low of $23.38 and a twelve month high of $25.49. The stock’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $24.65.

Nuveen High Yield Municipal Income ETF Company Profile

The Nuveen High Yield Municipal Income ETF (NHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of high-yield US municipal bonds. The fund maintains an overall weighted average maturity of greater than 10 years. NHYM was launched on Jan 22, 2025 and is issued by Nuveen.