Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Sees Large Increase in Short Interest

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 53,263 shares, a growth of 1,692.8% from the April 15th total of 2,971 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 15,568 shares, the days-to-cover ratio is presently 3.4 days.

Nuveen High Yield Municipal Income ETF Price Performance

NHYM stock opened at $24.97 on Tuesday. Nuveen High Yield Municipal Income ETF has a twelve month low of $23.58 and a twelve month high of $25.33. The business has a 50 day simple moving average of $24.88 and a 200-day simple moving average of $24.91.

Nuveen High Yield Municipal Income ETF Company Profile

The Nuveen High Yield Municipal Income ETF (NHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of high-yield US municipal bonds. The fund maintains an overall weighted average maturity of greater than 10 years. NHYM was launched on Jan 22, 2025 and is issued by Nuveen.