Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) Short Interest Up 95.3% in August

Nuveen ESG High Yield Corporate Bond ETF (NYSEARCA:NUHY) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 20,490 shares, an increase of 95.3% from the July 30th total of 10,491 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 12,332 shares, the days-to-cover ratio is currently 1.7 days.

Nuveen ESG High Yield Corporate Bond ETF Stock Performance

NUHY opened at $21.29 on Tuesday. The company’s 50 day moving average is $21.31 and its 200-day moving average is $21.35. Nuveen ESG High Yield Corporate Bond ETF has a 1-year low of $20.92 and a 1-year high of $21.85.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in NUHY. JPMorgan Chase & Co. boosted its position 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 valued at $572,000 after buying an additional 26,195 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of Nuveen ESG High Yield Corporate Bond ETF by 9.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 14,087 shares of the company’s stock worth $304,000 after buying an additional 1,274 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Nuveen ESG High Yield Corporate Bond ETF in the 4th quarter valued at $649,000. Olde Wealth Management LLC lifted its stake in shares of Nuveen ESG High Yield Corporate Bond ETF by 10.1% in the 4th quarter. Olde Wealth Management LLC now owns 35,472 shares of the company’s stock valued at $766,000 after acquiring an additional 3,264 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Nuveen ESG High Yield Corporate Bond ETF by 82.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,574 shares of the company’s stock valued at $33,000 after acquiring an additional 710 shares in the last quarter.

Nuveen ESG High Yield Corporate Bond ETF Company Profile

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.