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

Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACPGet Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 8,484 shares, a decline of 44.7% from the June 15th total of 15,337 shares. Based on an average daily trading volume, of 5,241 shares, the short-interest ratio is presently 1.6 days. Currently, 0.7% of the company’s stock are sold short.

Impact Shares NAACP Minority Empowerment ETF Stock Performance

NACP stock opened at $59.77 on Wednesday. The stock’s 50 day simple moving average is $58.85 and its 200 day simple moving average is $53.68. The company has a market cap of $75.91 million, a P/E ratio of 23.49 and a beta of 1.06. Impact Shares NAACP Minority Empowerment ETF has a fifty-two week low of $42.87 and a fifty-two week high of $60.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Impact Shares NAACP Minority Empowerment ETF stock. Ascentis Independent Advisors bought a new stake in shares of Impact Shares NAACP Minority Empowerment ETF (NYSEARCA:NACPFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,233 shares of the company’s stock, valued at approximately $108,000. Ascentis Independent Advisors owned about 0.18% of Impact Shares NAACP Minority Empowerment ETF as of its most recent filing with the Securities and Exchange Commission.

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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