Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 24,577 shares, a drop of 64.0% from the April 15th total of 68,309 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 24,114 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUEM. Coldstream Capital Management Inc. grew its position in shares of Nuveen ESG Emerging Markets Equity ETF by 81.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 238,180 shares of the company’s stock valued at $8,501,000 after acquiring an additional 107,075 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Nuveen ESG Emerging Markets Equity ETF by 3.3% in the 4th quarter. Wealthfront Advisers LLC now owns 823,773 shares of the company’s stock valued at $29,310,000 after purchasing an additional 25,939 shares in the last quarter. &PARTNERS acquired a new position in Nuveen ESG Emerging Markets Equity ETF in the 4th quarter worth about $413,000. NewEdge Advisors LLC raised its holdings in Nuveen ESG Emerging Markets Equity ETF by 4.1% in the 4th quarter. NewEdge Advisors LLC now owns 10,240 shares of the company’s stock worth $364,000 after purchasing an additional 400 shares during the period. Finally, River S Edge Wealth Management LLC purchased a new position in Nuveen ESG Emerging Markets Equity ETF during the fourth quarter worth approximately $276,000.
Nuveen ESG Emerging Markets Equity ETF Price Performance
BATS:NUEM opened at $41.85 on Friday. The company has a 50 day moving average price of $38.57 and a 200-day moving average price of $37.69. Nuveen ESG Emerging Markets Equity ETF has a 1-year low of $30.44 and a 1-year high of $42.62. The firm has a market cap of $393.39 million, a price-to-earnings ratio of 14.73 and a beta of 0.62.
About Nuveen ESG Emerging Markets Equity ETF
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.
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