Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) Stock Short Interest Climbs 238.0%

Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 36,139 shares, a growth of 238.0% from the September 30th total of 10,691 shares. Based on an average daily trading volume, of 35,405 shares, the short-interest ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC raised its stake 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 valued at $32,652,000 after purchasing an additional 64,985 shares during the last quarter. Bank of America Corp DE boosted its stake in Nuveen ESG Emerging Markets Equity ETF by 10.4% during the 1st quarter. Bank of America Corp DE now owns 260,304 shares of the company’s stock worth $9,563,000 after purchasing an additional 24,617 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Nuveen ESG Emerging Markets Equity ETF during the 3rd quarter worth $707,000. Envestnet Asset Management Inc. grew its holdings in shares of Nuveen ESG Emerging Markets Equity ETF by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 364,940 shares of the company’s stock worth $15,487,000 after buying an additional 21,026 shares in the last quarter. Finally, Stewardship Advisors LLC purchased a new stake in shares of Nuveen ESG Emerging Markets Equity ETF during the third quarter worth $1,353,000.

Nuveen ESG Emerging Markets Equity ETF Stock Down 2.7%

Shares of Nuveen ESG Emerging Markets Equity ETF stock opened at $38.47 on Friday. The company has a market cap of $361.62 million, a P/E ratio of 14.73 and a beta of 0.62. The firm’s 50 day moving average price is $41.96 and its 200-day moving average price is $40.32. Nuveen ESG Emerging Markets Equity ETF has a 52-week low of $33.47 and a 52-week high of $44.66.

Nuveen ESG Emerging Markets Equity ETF Company Profile

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.