Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Stock Short Interest Climbs 260.5%

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 5,083 shares, a growth of 260.5% from the October 15th total of 1,410 shares. Based on an average trading volume of 1,922 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.1% of the company’s shares are sold short.

Ned Davis Research 360 Dynamic Allocation ETF Price Performance

Shares of NASDAQ:NDAA traded down $0.09 during trading on Friday, hitting $23.50. The company had a trading volume of 358 shares, compared to its average volume of 6,770. The stock has a market cap of $195.08 million, a price-to-earnings ratio of 18.42 and a beta of 0.72. The company has a fifty day simple moving average of $23.95 and a two-hundred day simple moving average of $23.45. Ned Davis Research 360 Dynamic Allocation ETF has a one year low of $21.20 and a one year high of $24.65.

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.