Short Interest in Nuveen Ultra Short Income ETF (NASDAQ:NUSB) Drops By 61.7%

Nuveen Ultra Short Income ETF (NASDAQ:NUSB) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,239 shares, a decrease of 61.7% from the April 30th total of 5,852 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 885 shares, the days-to-cover ratio is currently 2.5 days.

Nuveen Ultra Short Income ETF Trading Up 0.0%

Shares of Nuveen Ultra Short Income ETF stock traded up $0.01 during trading on Friday, hitting $25.28. The stock had a trading volume of 14 shares, compared to its average volume of 1,852. The business’s 50-day moving average is $25.24 and its 200 day moving average is $25.26. Nuveen Ultra Short Income ETF has a 12 month low of $25.19 and a 12 month high of $25.66.

Nuveen Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, May 4th. Investors of record on Friday, May 1st were given a $0.0833 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, May 1st.

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.