Nuveen Dividend Growth ETF (NYSEARCA:NDVG) Sees Significant Increase in Short Interest

Nuveen Dividend Growth ETF (NYSEARCA:NDVG) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,248 shares, a growth of 157.9% from the December 31st total of 484 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,574 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 1,574 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Nuveen Dividend Growth ETF Price Performance

Shares of Nuveen Dividend Growth ETF stock traded down $0.02 during trading on Friday, reaching $36.04. 72 shares of the stock traded hands, compared to its average volume of 1,194. The company has a market capitalization of $14.06 million, a price-to-earnings ratio of 26.32 and a beta of 0.85. The business has a fifty day simple moving average of $35.72 and a two-hundred day simple moving average of $35.26. Nuveen Dividend Growth ETF has a 52-week low of $28.27 and a 52-week high of $36.43.

Institutional Investors Weigh In On Nuveen Dividend Growth ETF

An institutional investor recently raised its position in Nuveen Dividend Growth ETF stock. Forefront Wealth Partners LLC boosted its holdings in shares of Nuveen Dividend Growth ETF (NYSEARCA:NDVG) by 35.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,021 shares of the company’s stock after acquiring an additional 26,311 shares during the period. Nuveen Dividend Growth ETF accounts for approximately 2.2% of Forefront Wealth Partners LLC’s investment portfolio, making the stock its 10th biggest position. Forefront Wealth Partners LLC owned about 26.58% of Nuveen Dividend Growth ETF worth $3,313,000 as of its most recent SEC filing.

About Nuveen Dividend Growth ETF

The Nuveen Dividend Growth ETF (NDVG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent ETF that primarily holds dividend-paying equities from around the globe. The fund utilizes the Natixis\u002FNYSE non-transparent model. NDVG was launched on Aug 4, 2021 and is managed by Nuveen.