Short Interest in Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Increases By 536.7%

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 6,991 shares, an increase of 536.7% from the August 15th total of 1,098 shares. Currently, 3.7% of the company’s stock are short sold. Based on an average trading volume of 52,377 shares, the days-to-cover ratio is currently 0.1 days.

Ned Davis Research 360 Dynamic Allocation ETF Price Performance

NASDAQ:NDAA opened at $24.08 on Friday. The company has a market cap of $4.58 million, a PE ratio of 18.42 and a beta of 0.71. Ned Davis Research 360 Dynamic Allocation ETF has a one year low of $21.20 and a one year high of $24.65. The firm has a 50-day moving average of $24.11 and a 200-day moving average of $23.43.

About Ned Davis Research 360 Dynamic Allocation ETF

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.