Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 37,908 shares, a growth of 127.9% from the September 30th total of 16,633 shares. Based on an average daily volume of 76,727 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are sold short.
Institutional Trading of Nuveen High Yield Municipal Income ETF
A hedge fund recently raised its stake in Nuveen High Yield Municipal Income ETF stock. Farther Finance Advisors LLC boosted its stake in Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM – Free Report) by 83.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,436 shares of the company’s stock after buying an additional 3,385 shares during the period. Farther Finance Advisors LLC owned approximately 0.13% of Nuveen High Yield Municipal Income ETF worth $171,000 as of its most recent filing with the SEC.
Nuveen High Yield Municipal Income ETF Trading Up 0.3%
NHYM stock traded up $0.08 during midday trading on Friday, reaching $23.92. 13,545 shares of the company were exchanged, compared to its average volume of 24,411. Nuveen High Yield Municipal Income ETF has a one year low of $22.74 and a one year high of $25.33. The business has a 50-day moving average price of $23.75 and a two-hundred day moving average price of $24.62.
About Nuveen High Yield Municipal Income ETF
The Nuveen High Yield Municipal Income ETF (NHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of high-yield US municipal bonds. The fund maintains an overall weighted average maturity of greater than 10 years. NHYM was launched on Jan 22, 2025 and is issued by Nuveen.
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