Nuveen ESG Emerging Markets Equity ETF (BATS:NUEM – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 251,269 shares, a growth of 1,686.4% from the August 31st total of 14,066 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 60,020 shares, the short-interest ratio is presently 4.2 days.
Institutional Trading of Nuveen ESG Emerging Markets Equity ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC lifted its stake in shares of 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 worth $32,652,000 after acquiring an additional 64,985 shares during the period. Cerity Partners OCIO LLC increased its stake in shares of Nuveen ESG Emerging Markets Equity ETF by 75.7% during the fourth quarter. Cerity Partners OCIO LLC now owns 129,649 shares of the company’s stock valued at $4,613,000 after acquiring an additional 55,866 shares during the period. Bank of America Corp DE increased its stake in shares of Nuveen ESG Emerging Markets Equity ETF by 10.4% during the first quarter. Bank of America Corp DE now owns 260,304 shares of the company’s stock valued at $9,563,000 after acquiring an additional 24,617 shares during the period. Envestnet Asset Management Inc. raised its holdings in 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 purchasing an additional 21,026 shares in the last quarter. Finally, Verus Advisory Inc. bought a new stake in Nuveen ESG Emerging Markets Equity ETF during the fourth quarter worth approximately $686,000.
Nuveen ESG Emerging Markets Equity ETF Price Performance
Shares of BATS NUEM traded down $0.30 during midday trading on Thursday, reaching $42.69. 603,280 shares of the company traded hands, compared to its average volume of 34,393. The company has a market cap of $401.29 million, a price-to-earnings ratio of 14.73 and a beta of 0.62. The stock has a 50-day moving average price of $41.81 and a 200 day moving average price of $40.68. 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.
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