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

Aztlan North America Nearshoring Stock Selection ETF (NYSEARCA:NRSH) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 53,094 shares, an increase of 2,029.7% from the July 15th total of 2,493 shares. Currently, 5.4% of the shares of the stock are sold short. Based on an average trading volume of 5,158 shares, the days-to-cover ratio is currently 10.3 days.

Aztlan North America Nearshoring Stock Selection ETF Price Performance

NRSH stock traded up $0.19 during midday trading on Tuesday, reaching $32.32. The company had a trading volume of 286 shares, compared to its average volume of 2,039. Aztlan North America Nearshoring Stock Selection ETF has a 1 year low of $21.14 and a 1 year high of $35.67. The company has a market capitalization of $31.67 million, a P/E ratio of 17.11 and a beta of 1.46. The firm has a 50-day moving average price of $32.56 and a 200-day moving average price of $29.00.

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.