Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Short Interest Up 344.9% in May

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,462 shares, an increase of 344.9% from the May 14th total of 1,003 shares. Based on an average trading volume of 17,941 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen ESG High Yield Corporate Bond ETF

Hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 82.2% in the first quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock worth $33,000 after purchasing an additional 710 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Nuveen ESG High Yield Corporate Bond ETF in the first quarter worth about $253,000. Legacy Financial Advisors Inc. grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 9.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after purchasing an additional 1,274 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Nuveen ESG High Yield Corporate Bond ETF by 42,942.6% in the third quarter. JPMorgan Chase & Co. now owns 26,256 shares of the company’s stock worth $572,000 after purchasing an additional 26,195 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Nuveen ESG High Yield Corporate Bond ETF in the fourth quarter worth about $649,000.

Nuveen ESG High Yield Corporate Bond ETF Trading Up 0.0%

NYSEARCA:NUHY opened at $21.39 on Friday. Nuveen ESG High Yield Corporate Bond ETF has a one year low of $20.92 and a one year high of $21.85. The stock has a 50-day simple moving average of $21.36 and a 200 day simple moving average of $21.48.

About Nuveen ESG High Yield Corporate Bond ETF

The Nuveen ESG High Yield Corporate Bond ETF (NUHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of market-value-weighted US dollar-denominated high yield corporate bonds screened for favorable ESG criteria. NUHY was launched on Sep 25, 2019 and is managed by Nuveen.