Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 28,294 shares, an increase of 188.2% from the June 30th total of 9,816 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 31,258 shares, the short-interest ratio is currently 0.9 days.
Institutional Investors Weigh In On Nuveen ESG Emerging Markets Equity ETF
Several hedge funds have recently modified their holdings of NUEM. Wealthfront Advisers LLC grew its stake in shares of Nuveen ESG Emerging Markets Equity ETF by 7.9% in the first quarter. Wealthfront Advisers LLC now owns 888,758 shares of the company’s stock worth $32,652,000 after acquiring an additional 64,985 shares during the last quarter. Abacus Wealth Partners LLC raised its stake in Nuveen ESG Emerging Markets Equity ETF by 4.5% during the 4th quarter. Abacus Wealth Partners LLC now owns 606,609 shares of the company’s stock valued at $21,586,000 after purchasing an additional 26,235 shares during the last quarter. Jane Street Group LLC boosted its holdings in Nuveen ESG Emerging Markets Equity ETF by 2,686.9% in the 1st quarter. Jane Street Group LLC now owns 313,358 shares of the company’s stock valued at $9,166,000 after purchasing an additional 302,114 shares during the period. TFC Financial Management Inc. grew its position in Nuveen ESG Emerging Markets Equity ETF by 1.0% in the 4th quarter. TFC Financial Management Inc. now owns 292,752 shares of the company’s stock worth $10,416,000 after purchasing an additional 2,786 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 period.
Nuveen ESG Emerging Markets Equity ETF Price Performance
NUEM stock remained flat at $39.87 during mid-day trading on Monday. 19,233 shares of the company’s stock were exchanged, compared to its average volume of 26,914. The stock has a 50 day simple moving average of $41.43 and a 200-day simple moving average of $39.50. The company has a market cap of $374.78 million, a price-to-earnings ratio of 14.73 and a beta of 0.62. Nuveen ESG Emerging Markets Equity ETF has a one year low of $32.89 and a one year 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.
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