Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Short Interest Up 536.7% in August

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,991 shares, an increase of 536.7% from the August 15th total of 1,098 shares. Based on an average daily volume of 52,377 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.7% of the shares of the company are short sold.

Ned Davis Research 360 Dynamic Allocation ETF Stock Performance

NASDAQ NDAA opened at $24.08 on Friday. The company has a market capitalization of $4.58 million, a PE ratio of 18.42 and a beta of 0.71. Ned Davis Research 360 Dynamic Allocation ETF has a 52-week low of $21.20 and a 52-week high of $24.65. The company has a 50-day simple moving average of $24.11 and a 200 day simple moving average of $23.43.

About Ned Davis Research 360 Dynamic Allocation ETF

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.