Short Interest in Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Declines By 82.0%

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,304 shares, a drop of 82.0% from the April 15th total of 7,226 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 4,452 shares, the short-interest ratio is presently 0.3 days.

Ned Davis Research 360 Dynamic Allocation ETF Stock Down 1.0%

NASDAQ:NDAA traded down $0.23 during mid-day trading on Tuesday, hitting $23.75. 181 shares of the stock traded hands, compared to its average volume of 2,023. The stock has a market capitalization of $4.51 million, a price-to-earnings ratio of 18.42 and a beta of 0.71. Ned Davis Research 360 Dynamic Allocation ETF has a 52 week low of $19.41 and a 52 week high of $24.01. The firm’s 50 day moving average is $22.50 and its two-hundred day moving average is $22.32.

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.