Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) Sees Significant Decrease in Short Interest

Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 8,484 shares, a decline of 44.7% from the June 15th total of 15,337 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 5,241 shares, the days-to-cover ratio is currently 1.6 days.

Impact Shares NAACP Minority Empowerment ETF Stock Performance

Shares of NACP opened at $59.77 on Wednesday. The firm has a market cap of $75.91 million, a PE ratio of 23.49 and a beta of 1.06. Impact Shares NAACP Minority Empowerment ETF has a 52-week low of $42.87 and a 52-week high of $60.80. The business’s 50 day moving average price is $58.85 and its two-hundred day moving average price is $53.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Impact Shares NAACP Minority Empowerment ETF stock. Ascentis Independent Advisors purchased a new position in Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,233 shares of the company’s stock, valued at approximately $108,000. Ascentis Independent Advisors owned 0.18% of Impact Shares NAACP Minority Empowerment ETF at the end of the most recent quarter.

About Impact Shares NAACP Minority Empowerment ETF

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.