(NUHY) Nuveen ESG High Yield - Ratings and Ratios

The Nuveen ESG High Yield Corporate Bond ETF (NYSE ARCA:NUHY) is an exchange-traded fund designed to provide exposure to high-yield corporate bonds in the U.S. market while integrating environmental, social, and governance (ESG) criteria into its investment process. The fund seeks to track the performance of the Bloomberg U.S. ESG High Yield Corporate Bond Index, which is derived from the broader Bloomberg U.S. High Yield Very Liquid Index. This base index is designed to represent the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market with a focus on liquidity. Under normal market conditions, the ETF invests at least 80% of its total assets in the securities included in its target index, ensuring alignment with its investment objectives.

The funds ESG-focused approach involves screening the base index constituents to exclude issuers that do not meet specific ESG criteria. This includes companies involved in controversial industries or those with poor ESG performance. By applying these filters, the ETF aims to deliver a portfolio that balances financial returns with sustainable and responsible investment practices. The ETFs holdings are concentrated in U.S. high-yield corporate debt, offering investors access to higher-yielding instruments compared to investment-grade bonds, though with correspondingly higher credit risk.

From a technical perspective, NUHY has shown a trading range with support at its SMA 200 of 20.70 and resistance near its SMA 50 of 21.13. The average true range (ATR) of 0.09 indicates relatively low volatility in recent trading sessions. Volume has averaged 33,080 shares over the past 20 days, reflecting moderate liquidity. The last price of 21.38 suggests the fund is currently trading near its SMA 20 of 21.28, indicating a neutral short-term trend.

Fundamentally, NUHY manages assets under management (AUM) of 98.25M USD, which is modest compared to larger fixed-income ETFs but sufficient to maintain liquidity and tracking efficiency. The funds focus on ESG criteria may appeal to investors seeking alignment with sustainability goals without sacrificing yield potential in the high-yield bond market.