Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) Short Interest Up 145.5% in May

Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 8,100 shares, an increase of 145.5% from the May 15th total of 3,300 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.6% of the shares of the company are sold short.

Impact Shares NAACP Minority Empowerment ETF Stock Down 1.1%

NYSEARCA:NACP traded down $0.48 on Friday, reaching $42.28. 2,727 shares of the company’s stock traded hands, compared to its average volume of 3,945. The stock has a 50-day simple moving average of $40.10 and a 200-day simple moving average of $41.17. The firm has a market cap of $54.96 million, a PE ratio of 24.27 and a beta of 1.05. Impact Shares NAACP Minority Empowerment ETF has a 12 month low of $34.40 and a 12 month high of $43.95.

Impact Shares NAACP Minority Empowerment ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were issued a dividend of $0.1018 per share. The ex-dividend date of this dividend was Friday, March 28th.

Institutional Investors Weigh In On Impact Shares NAACP Minority Empowerment ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Olde Wealth Management LLC bought a new stake in shares of Impact Shares NAACP Minority Empowerment ETF in the first quarter worth about $129,000. Rossby Financial LCC bought a new stake in shares of Impact Shares NAACP Minority Empowerment ETF in the fourth quarter worth about $1,460,000. Finally, Betterment LLC increased its holdings in shares of Impact Shares NAACP Minority Empowerment ETF by 1.8% in the first quarter. Betterment LLC now owns 102,898 shares of the company’s stock worth $4,099,000 after purchasing an additional 1,864 shares during the last quarter.

Impact Shares NAACP Minority Empowerment ETF Company Profile

The Impact Shares NAACP Minority Empowerment ETF (NACP) is an exchange-traded fund that is based on the Morningstar Minority Empowerment index. The fund tracks an index of US large- and mid-cap companies selected and weighted based on social criteria as defined by the NAACP. NACP was launched on Jul 18, 2018 and is managed by Impact Shares.