Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Short Interest Down 73.6% in July

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,491 shares, a decrease of 73.6% from the July 15th total of 39,695 shares. Based on an average daily trading volume, of 15,677 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Nuveen ESG High Yield Corporate Bond ETF Stock Performance

NYSEARCA NUHY traded up $0.05 during trading hours on Thursday, reaching $21.32. The company’s stock had a trading volume of 4,700 shares, compared to its average volume of 24,848. The business has a 50-day simple moving average of $21.32 and a 200 day simple moving average of $21.38. Nuveen ESG High Yield Corporate Bond ETF has a 52 week low of $20.92 and a 52 week high of $21.85.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased 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 buying an additional 710 shares during the period. RMG Wealth Management LLC acquired a new stake in shares of Nuveen ESG High Yield Corporate Bond ETF in the 1st quarter worth about $253,000. Legacy Financial Advisors Inc. lifted its position in Nuveen ESG High Yield Corporate Bond ETF by 9.9% in the 4th 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 during the last quarter. JPMorgan Chase & Co. lifted its position in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock valued at $572,000 after purchasing an additional 26,195 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in Nuveen ESG High Yield Corporate Bond ETF during the 4th quarter valued at about $649,000.

Nuveen ESG High Yield Corporate Bond ETF Company Profile

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.