Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) Sees Significant Increase in Short Interest
by Kim Johansen · The Markets DailyNuveen Growth Opportunities ETF (NYSEARCA:NUGO – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,543 shares, an increase of 703.4% from the July 15th total of 441 shares. Based on an average daily trading volume, of 88,383 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Nuveen Growth Opportunities ETF Stock Performance
Shares of NUGO traded up $0.33 on Thursday, hitting $44.66. 341 shares of the stock traded hands, compared to its average volume of 107,204. Nuveen Growth Opportunities ETF has a one year low of $34.28 and a one year high of $44.66. The company has a market capitalization of $2.59 billion, a PE ratio of 40.41 and a beta of 1.16. The business has a 50 day simple moving average of $42.66 and a 200 day simple moving average of $40.54.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Focused Alpha LLC bought a new stake in Nuveen Growth Opportunities ETF in the 2nd quarter worth about $465,000. Global Retirement Partners LLC purchased a new stake in shares of Nuveen Growth Opportunities ETF during the 2nd quarter valued at about $143,000. Pasadena Private Wealth LLC bought a new stake in shares of Nuveen Growth Opportunities ETF in the second quarter worth approximately $136,000. Finally, Allworth Financial LP bought a new stake in shares of Nuveen Growth Opportunities ETF in the second quarter worth approximately $96,000.
Nuveen Growth Opportunities ETF Company Profile
The Nuveen Growth Opportunities ETF (NUGO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap US stocks selected for growth, quality, and value factors. The fund utilizes the Natixis\u002FNYSE non-transparent model. NUGO was launched on Sep 27, 2021 and is managed by Nuveen.