The Nightview Fund (NYSEARCA:NITE) Stock Short Interest Jumps 1,121.7%

The Nightview Fund (NYSEARCA:NITE) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 25,326 shares, an increase of 1,121.7% from the August 31st total of 2,073 shares. Based on an average daily volume of 8,101 shares, the short-interest ratio is presently 3.1 days. Approximately 2.9% of the company’s stock are short sold.

The Nightview Fund Stock Performance

Shares of NITE stock traded down $0.24 on Thursday, hitting $38.92. The stock had a trading volume of 7,470 shares, compared to its average volume of 2,373. The stock’s 50 day moving average is $38.69 and its 200-day moving average is $37.25. The firm has a market capitalization of $33.47 million, a price-to-earnings ratio of -36.72 and a beta of 1.33. The Nightview Fund has a 52-week low of $32.52 and a 52-week high of $41.00.

About The Nightview Fund

The Nightview Fund NITE (NITE) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a narrow portfolio of US equity securities. The fund aims for long-term capital appreciation while attempting to beat the S&P 500 over five years. NITE was launched on Jun 21, 2024 and is issued by The Nightview.