AllianzIM U.S. Equity Buffer20 Nov ETF (BATS:NVBW) Sees Significant Growth in Short Interest

AllianzIM U.S. Equity Buffer20 Nov ETF (BATS:NVBW) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 4,961 shares, a growth of 4,329.5% from the October 15th total of 112 shares. Based on an average daily volume of 22,693 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

AllianzIM U.S. Equity Buffer20 Nov ETF Trading Down 0.1%

Shares of BATS NVBW traded down $0.05 during midday trading on Tuesday, reaching $36.79. 26,411 shares of the stock were exchanged, compared to its average volume of 7,237. The stock has a 50 day moving average price of $36.66 and a 200-day moving average price of $35.33. The company has a market capitalization of $106.69 million, a P/E ratio of 24.91 and a beta of 0.40. AllianzIM U.S. Equity Buffer20 Nov ETF has a 52-week low of $32.83 and a 52-week high of $37.24.

Institutional Trading of AllianzIM U.S. Equity Buffer20 Nov ETF

Hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. purchased a new stake in AllianzIM U.S. Equity Buffer20 Nov ETF in the 3rd quarter worth approximately $1,088,000. Blue Bell Private Wealth Management LLC acquired a new position in AllianzIM U.S. Equity Buffer20 Nov ETF in the 3rd quarter valued at $73,000. Finally, Farther Finance Advisors LLC raised its holdings in AllianzIM U.S. Equity Buffer20 Nov ETF by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 18,187 shares of the company’s stock valued at $664,000 after acquiring an additional 301 shares during the last quarter.

AllianzIM U.S. Equity Buffer20 Nov ETF Company Profile

The Allianzim U.S. Large Cap Buffer20 Nov ETF (NVBW) is an exchange-traded fund that is based on the S&P 500 index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. NVBW was launched on Oct 31, 2022 and is managed by Allianz.