A growing number of supernovae (SNe) are now known to exhibit evidence for significant interaction with a dense, pre-existing, circumstellar medium (CSM). SNe Ibn comprise one such class that can be characterized by both rapidly evolving light curves and persistent narrow He I lines. The origin of such a dense CSM in these systems remains a pressing question, specifically concerning the progenitor system and mass-loss mechanism. In this paper, we present multiwavelength data of the Type Ibn SN 2020nxt, including HST/STIS ultraviolet spectra. We fit the data with recently updated CMFGEN models designed to handle configurations for SNe Ibn. The UV coverage yields strong constraints on the energetics and, when combined with the CMFGEN models, offer new insight on potential progenitor systems. We find the most successful model is a ≲4 M_⊙ helium star that lost its ∼1M_⊙ He-rich envelope in the years preceding core collapse. We also consider viable alternatives, such as a He white dwarf merger. Ultimately, we conclude at least some SNe Ibn do not arise from single, massive (>30 M_⊙) Wolf–Rayet-like stars.