Nuveen ESG Large-Cap Value ETF (BATS:NULV) Sees Significant Growth in Short Interest

Nuveen ESG Large-Cap Value ETF (BATS:NULV) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 100,837 shares, a growth of 129.4% from the May 31st total of 43,962 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 66,011 shares, the days-to-cover ratio is currently 1.5 days.

Nuveen ESG Large-Cap Value ETF Stock Down 0.3%

BATS NULV opened at $49.99 on Wednesday. The stock’s 50-day simple moving average is $50.00 and its two-hundred day simple moving average is $47.75. Nuveen ESG Large-Cap Value ETF has a twelve month low of $41.22 and a twelve month high of $51.40. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.82 and a beta of 0.87.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NULV. Kingdom Financial Group LLC. purchased a new stake in Nuveen ESG Large-Cap Value ETF during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC increased its stake in Nuveen ESG Large-Cap Value ETF by 57.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 680 shares of the company’s stock worth $28,000 after purchasing an additional 247 shares during the period. Triumph Capital Management purchased a new position in Nuveen ESG Large-Cap Value ETF in the 3rd quarter worth approximately $34,000. Waverly Advisors LLC purchased a new position in Nuveen ESG Large-Cap Value ETF in the 1st quarter worth approximately $43,000. Finally, Orion Capital Management LLC lifted its position in Nuveen ESG Large-Cap Value ETF by 191.7% in the fourth quarter. Orion Capital Management LLC now owns 1,371 shares of the company’s stock valued at $62,000 after purchasing an additional 901 shares during the last quarter.

About Nuveen ESG Large-Cap Value ETF

The Nuveen ESG Large-Cap Value ETF (NULV) is an exchange-traded fund that is based on the MSCI TIAA ESG USA Large Cap Value index. The fund tracks an index of US large-cap value stocks that score highly on environmental, social, and governance (ESG) criteria. The fund is weighted using a multi-factor optimizer. NULV was launched on Dec 13, 2016 and is managed by Nuveen.