The Nightview Fund (NYSEARCA:NITE) Shares Shorted: Short Interest Down 65.9% in October

The Nightview Fund (NYSEARCA:NITE) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 8,596 shares, a drop of 65.9% from the September 30th total of 25,231 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 1,260 shares, the short-interest ratio is presently 6.8 days.

The Nightview Fund Trading Down 3.1%

NYSEARCA NITE traded down $1.20 on Friday, hitting $37.22. 4,142 shares of the stock traded hands, compared to its average volume of 2,252. The stock has a 50-day moving average of $39.25 and a 200 day moving average of $37.29. The Nightview Fund has a twelve month low of $32.52 and a twelve month high of $41.00. The company has a market capitalization of $32.75 million, a P/E ratio of -35.11 and a beta of 1.36.

The Nightview Fund Company Profile

The Nightview Fund NITE (NITE) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a narrow portfolio of US equity securities. The fund aims for long-term capital appreciation while attempting to beat the S&P 500 over five years. NITE was launched on Jun 21, 2024 and is issued by The Nightview.