Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) Short Interest Up 145.5% in May

Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACP) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 8,100 shares, a growth of 145.5% from the May 15th total of 3,300 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NACP. Rossby Financial LCC purchased a new position in Impact Shares NAACP Minority Empowerment ETF in the fourth quarter worth about $1,460,000. Betterment LLC grew its position in Impact Shares NAACP Minority Empowerment ETF by 0.6% in the fourth quarter. Betterment LLC now owns 101,034 shares of the company’s stock worth $4,130,000 after acquiring an additional 646 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Impact Shares NAACP Minority Empowerment ETF in the first quarter worth about $129,000.

Impact Shares NAACP Minority Empowerment ETF Stock Down 1.1%

NACP traded down $0.48 on Friday, hitting $42.28. The company had a trading volume of 2,727 shares, compared to its average volume of 3,945. The company has a market cap of $54.96 million, a PE ratio of 24.27 and a beta of 1.05. Impact Shares NAACP Minority Empowerment ETF has a 12-month low of $34.40 and a 12-month high of $43.95. The business’s fifty day simple moving average is $40.10 and its 200 day simple moving average is $41.17.

Impact Shares NAACP Minority Empowerment ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were given a $0.1018 dividend. The ex-dividend date was Friday, March 28th.

About Impact Shares NAACP Minority Empowerment ETF

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.