Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Sees Large Decrease in Short Interest

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,272 shares, a drop of 45.6% from the June 30th total of 2,338 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 607 shares, the short-interest ratio is currently 2.1 days.

Ned Davis Research 360 Dynamic Allocation ETF Price Performance

NASDAQ:NDAA traded down $0.22 during midday trading on Wednesday, reaching $23.35. 1,236 shares of the company traded hands, compared to its average volume of 1,623. The firm has a market capitalization of $4.44 million, a price-to-earnings ratio of 18.42 and a beta of 0.71. The company has a fifty day moving average price of $23.80 and a 200 day moving average price of $23.00. Ned Davis Research 360 Dynamic Allocation ETF has a twelve month low of $20.25 and a twelve month high of $24.28.

Ned Davis Research 360 Dynamic Allocation ETF Company Profile

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.