Short Interest in Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) Decreases By 44.7%

by · The Markets Daily

Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP – Get Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 8,484 shares, a drop of 44.7% from the June 15th total of 15,337 shares. Based on an average trading volume of 5,241 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Impact Shares NAACP Minority Empowerment ETF stock. Ascentis Independent Advisors bought a new position in Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,233 shares of the company’s stock, valued at approximately $108,000. Ascentis Independent Advisors owned approximately 0.18% of Impact Shares NAACP Minority Empowerment ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Impact Shares NAACP Minority Empowerment ETF Trading Down 1.0%

NACP stock traded down $0.62 during midday trading on Thursday, hitting $58.91. The stock had a trading volume of 725 shares, compared to its average volume of 2,771. The firm has a market cap of $74.82 million, a P/E ratio of 23.49 and a beta of 1.06. Impact Shares NAACP Minority Empowerment ETF has a 1-year low of $42.87 and a 1-year high of $60.80. The business has a fifty day moving average price of $58.96 and a two-hundred day moving average price of $53.81.

Impact Shares NAACP Minority Empowerment ETF Company Profile

(Get Free Report)

The Impact Shares NAACP Minority Empowerment ETF (NACP) is an exchange-traded fund that is based on the Morningstar Minority Empowerment index. The fund tracks an index of US large- and mid-cap companies selected and weighted based on social criteria as defined by the NAACP. NACP was launched on Jul 18, 2018 and is managed by Impact Shares.

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