Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) Sees Significant Drop in Short Interest

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,426 shares, a decline of 59.3% from the September 15th total of 3,502 shares. Based on an average daily volume of 12,384 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Ned Davis Research 360 Dynamic Allocation ETF Trading Up 0.1%

NDAA stock traded up $0.01 during mid-day trading on Tuesday, hitting $24.14. The stock had a trading volume of 796 shares, compared to its average volume of 7,089. Ned Davis Research 360 Dynamic Allocation ETF has a 1-year low of $21.20 and a 1-year high of $24.65. The company has a fifty day moving average of $24.25 and a 200 day moving average of $23.71. The stock has a market capitalization of $208.12 million, a price-to-earnings ratio of 18.42 and a beta of 0.72.

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.