Nuveen Municipal Income ETF (NYSEARCA:NUMI) Sees Large Drop in Short Interest

Nuveen Municipal Income ETF (NYSEARCA:NUMI – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 14,765 shares, a drop of 53.5% from the August 15th total of 31,743 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 3,694 shares, the short-interest ratio is currently 4.0 days.

Nuveen Municipal Income ETF Stock Down 0.2%

Shares of NUMI traded down $0.06 during midday trading on Tuesday, reaching $24.07. 23,289 shares of the stock were exchanged, compared to its average volume of 4,969. Nuveen Municipal Income ETF has a 12-month low of $23.94 and a 12-month high of $25.66. The firm has a 50 day simple moving average of $24.74 and a 200-day simple moving average of $24.98.

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Nuveen Municipal Income ETF Company Profile

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The Nuveen Municipal Income ETF (NUMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of US municipal bonds of any credit quality. The fund maintains an overall weighted average maturity of greater than 10 years. NUMI was launched on Jan 22, 2025 and is issued by Nuveen.

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