Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Short Interest Up 135.6% in August

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,098 shares, an increase of 135.6% from the July 30th total of 466 shares. Based on an average daily volume of 1,450 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are short sold.

Ned Davis Research 360 Dynamic Allocation ETF Stock Performance

Shares of NASDAQ NDAA traded down $0.07 during trading hours on Friday, hitting $24.40. The company’s stock had a trading volume of 3,182 shares, compared to its average volume of 4,063. Ned Davis Research 360 Dynamic Allocation ETF has a 12 month low of $20.87 and a 12 month high of $24.65. The stock has a market cap of $4.64 million, a price-to-earnings ratio of 18.42 and a beta of 0.71. The business has a 50-day simple moving average of $23.98 and a 200-day simple moving average of $23.31.

Ned Davis Research 360 Dynamic Allocation ETF Company Profile

The Ned Davis Research 360 Dynamic Allocation ETF (NDAA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, multi-asset fund-of-funds that uses its proprietary 360 approach in setting investment allocations for long-term capital appreciation. Portfolio exposure includes equity, fixed income, and commodity asset classes. NDAA was launched on Oct 17, 2024 and is issued by Ned Davis Research.