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

Ned Davis Research 360 Dynamic Allocation ETF (NASDAQ:NDAA) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 5,083 shares, an increase of 260.5% from the October 15th total of 1,410 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,922 shares, the days-to-cover ratio is presently 2.6 days.

Ned Davis Research 360 Dynamic Allocation ETF Price Performance

NDAA traded down $0.08 during trading on Thursday, hitting $23.57. The company’s stock had a trading volume of 307 shares, compared to its average volume of 6,769. Ned Davis Research 360 Dynamic Allocation ETF has a twelve month low of $21.20 and a twelve month high of $24.65. The firm’s 50 day moving average price is $23.97 and its 200-day moving average price is $23.45. The stock has a market cap of $195.64 million, a PE 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.