Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Sees Large Increase in Short Interest

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 28,294 shares, a growth of 188.2% from the June 30th total of 9,816 shares. Based on an average daily volume of 31,258 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen ESG Emerging Markets Equity ETF

Several hedge funds have recently modified their holdings of the company. Wealthfront Advisers LLC increased its position in shares of Nuveen ESG Emerging Markets Equity ETF by 3.3% during the fourth quarter. Wealthfront Advisers LLC now owns 823,773 shares of the company’s stock valued at $29,310,000 after acquiring an additional 25,939 shares during the last quarter. Verus Advisory Inc. purchased a new position in Nuveen ESG Emerging Markets Equity ETF in the fourth quarter worth $686,000. Cerity Partners OCIO LLC boosted its position in Nuveen ESG Emerging Markets Equity ETF by 75.7% in the fourth quarter. Cerity Partners OCIO LLC now owns 129,649 shares of the company’s stock worth $4,613,000 after purchasing an additional 55,866 shares during the last quarter. Abacus Wealth Partners LLC boosted its position in Nuveen ESG Emerging Markets Equity ETF by 4.5% in the fourth quarter. Abacus Wealth Partners LLC now owns 606,609 shares of the company’s stock worth $21,586,000 after purchasing an additional 26,235 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in Nuveen ESG Emerging Markets Equity ETF in the 1st quarter valued at $490,000.

Nuveen ESG Emerging Markets Equity ETF Stock Performance

Nuveen ESG Emerging Markets Equity ETF stock opened at $40.16 on Tuesday. Nuveen ESG Emerging Markets Equity ETF has a fifty-two week low of $32.89 and a fifty-two week high of $44.66. The firm’s 50-day simple moving average is $41.42 and its 200 day simple moving average is $39.52. The stock has a market cap of $377.50 million, a PE ratio of 14.73 and a beta of 0.62.

Nuveen ESG Emerging Markets Equity ETF Company Profile

The Nuveen ESG Emerging Markets Equity ETF (NUEM) is an exchange-traded fund that is based on the MSCI TIAA ESG Emerging Markets index. The fund tracks an index of large- and mid-cap emerging-market stocks that score highly on environmental, social, and governance (ESG) criteria. The index is optimized for market-like risk and return characteristics. NUEM was launched on Jun 7, 2017 and is managed by Nuveen.