Nuveen Ultra Short Income ETF (NASDAQ:NUSB) Sees Large Growth in Short Interest

Nuveen Ultra Short Income ETF (NASDAQ:NUSB) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 12,443 shares, a growth of 427.5% from the October 15th total of 2,359 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 19,079 shares, the short-interest ratio is currently 0.7 days.

Nuveen Ultra Short Income ETF Stock Down 0.0%

Shares of NUSB stock traded down $0.01 during trading hours on Wednesday, reaching $25.16. The company had a trading volume of 264 shares, compared to its average volume of 2,680. Nuveen Ultra Short Income ETF has a 12 month low of $25.12 and a 12 month high of $25.66. The business has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $25.23.

Nuveen Ultra Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 3rd. Shareholders of record on Monday, November 2nd were paid a dividend of $0.0921 per share. This is a boost from Nuveen Ultra Short Income ETF’s previous monthly dividend of $0.0849. The ex-dividend date was Monday, November 2nd. This represents a $1.11 annualized dividend and a yield of 4.4%.

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.