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

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 68,723 shares, a growth of 142.9% from the July 15th total of 28,294 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 53,314 shares, the days-to-cover ratio is presently 1.3 days.

Nuveen ESG Emerging Markets Equity ETF Trading Down 0.0%

Shares of NUEM stock opened at $42.24 on Friday. Nuveen ESG Emerging Markets Equity ETF has a 12-month low of $33.47 and a 12-month high of $44.66. The business’s 50 day moving average is $41.25 and its two-hundred day moving average is $39.85. The company has a market capitalization of $397.06 million, a P/E ratio of 14.73 and a beta of 0.62.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Nuveen ESG Emerging Markets Equity ETF by 2,686.9% during the 1st quarter. Jane Street Group LLC now owns 313,358 shares of the company’s stock valued at $9,166,000 after buying an additional 302,114 shares in the last quarter. LPL Financial LLC increased its holdings in Nuveen ESG Emerging Markets Equity ETF by 110.2% in the 4th quarter. LPL Financial LLC now owns 202,867 shares of the company’s stock worth $7,218,000 after acquiring an additional 106,337 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Nuveen ESG Emerging Markets Equity ETF by 7.9% in the 1st quarter. Wealthfront Advisers LLC now owns 888,758 shares of the company’s stock worth $32,652,000 after acquiring an additional 64,985 shares in the last quarter. Cerity Partners OCIO LLC raised its position in Nuveen ESG Emerging Markets Equity ETF by 75.7% during the fourth quarter. Cerity Partners OCIO LLC now owns 129,649 shares of the company’s stock worth $4,613,000 after acquiring an additional 55,866 shares during the period. Finally, Abacus Wealth Partners LLC raised its position in Nuveen ESG Emerging Markets Equity ETF by 4.5% during the fourth quarter. Abacus Wealth Partners LLC now owns 606,609 shares of the company’s stock worth $21,586,000 after acquiring an additional 26,235 shares during the period.

About Nuveen ESG Emerging Markets Equity ETF

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.