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The fund employs a passive management (or indexing ) approach, investing in a diversified portfolio of U.S. dollar-denominated, high yield, fixed-rate corporate bonds that satisfy certain environmental, social and governance ( ESG ) criteria. The fund seeks to track the investment results, before fees and expenses, of the Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index. The Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index (the Index ) utilizes certain environmental, social, and governance ( ESG ) criteria to select from the securities included in the Bloomberg U.S. High Yield Very Liquid Index (the Base Index ), which is designed to broadly capture the U.S. dollar-denominated, high yield, fixed-rate corporate bond market. The Index draws from the universe defined by the Base Index, which is comprised of U.S. dollar-denominated below investment grade corporate bonds with above average liquidity. Below investment grade bonds are commonly referred to as high yield or junk bonds. The Index is rebalanced monthly.
Nuveen Esg High Yield Corporate Bond ETF trades on the ARCA stock market under the symbol NUHY.
As of March 27, 2024, NUHY stock price climbed to $21.18 with 20,540 million shares trading.
NUHY has a beta of 0.44, meaning it tends to be less sensitive to market movements. NUHY has a correlation of 0.56 to the broad based SPY ETF.
NUHY has a market cap of $78.37 million. This is considered a Micro Cap stock.
In the last 3 years, NUHY stock traded as high as $24.97 and as low as $19.50.
NUHY has underperformed the market in the last year with a price return of +12.1% while the SPY ETF gained +33.6%. NUHY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.1% and +1.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
NUHY support price is $21.03 and resistance is $21.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NUHY stock will trade within this expected range on the day.