Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) Short Interest Up 194.2% in January

Nuveen High Yield Municipal Income ETF (NYSEARCA:NHYM) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 69,279 shares, an increase of 194.2% from the December 31st total of 23,548 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 13,437 shares, the days-to-cover ratio is presently 5.2 days. Based on an average daily volume of 13,437 shares, the days-to-cover ratio is presently 5.2 days. Currently, 1.5% of the company’s stock are short sold.

Nuveen High Yield Municipal Income ETF Stock Performance

NYSEARCA:NHYM opened at $24.90 on Thursday. Nuveen High Yield Municipal Income ETF has a fifty-two week low of $23.38 and a fifty-two week high of $25.49. The firm has a 50-day simple moving average of $24.88 and a two-hundred day simple moving average of $24.55.

Nuveen High Yield Municipal Income ETF Company Profile

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.