Aztlan North America Nearshoring Stock Selection ETF (NYSEARCA:NRSH) Sees Significant Decrease in Short Interest

Aztlan North America Nearshoring Stock Selection ETF (NYSEARCA:NRSH) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,706 shares, a decline of 94.9% from the August 15th total of 52,928 shares. Based on an average daily volume of 179 shares, the days-to-cover ratio is currently 15.1 days. Approximately 0.3% of the company’s stock are short sold.

Aztlan North America Nearshoring Stock Selection ETF Trading Up 2.0%

Shares of NRSH traded up $0.61 during midday trading on Friday, hitting $30.38. 29 shares of the company’s stock traded hands, compared to its average volume of 1,809. Aztlan North America Nearshoring Stock Selection ETF has a 1 year low of $22.16 and a 1 year high of $35.67. The firm’s fifty day moving average is $31.58 and its 200-day moving average is $29.95. The stock has a market capitalization of $29.77 million, a price-to-earnings ratio of 17.11 and a beta of 1.45.

About Aztlan North America Nearshoring Stock Selection ETF

The Aztlan North America Nearshoring Stock Selection ETF (NRSH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a liquidity-weighted index of North American companies that practice transferring business operations to nearby countries. The fund uses a multi-factor model in selecting industrial real estate and logistics companies. NRSH was launched on Nov 29, 2023 and is issued by Aztlan.