National Security Emerging Markets Index ETF (NASDAQ:NSI) Short Interest Up 34.8% in August

National Security Emerging Markets Index ETF (NASDAQ:NSI) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 9,300 shares, a growth of 34.8% from the August 15th total of 6,900 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 1.0 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets downgraded shares of National Security Emerging Markets Index ETF from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Moderate Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

National Security Emerging Markets Index ETF Stock Performance

Shares of NSI opened at $32.33 on Friday. National Security Emerging Markets Index ETF has a 1 year low of $22.81 and a 1 year high of $32.52. The company has a market cap of $24.57 million, a price-to-earnings ratio of 13.71 and a beta of 0.93. The firm has a fifty day moving average of $30.41 and a 200-day moving average of $28.24.

Hedge Funds Weigh In On National Security Emerging Markets Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of National Security Emerging Markets Index ETF by 23.3% during the fourth quarter. Jane Street Group LLC now owns 18,604 shares of the company’s stock valued at $466,000 after acquiring an additional 3,512 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of National Security Emerging Markets Index ETF by 10.3% during the first quarter. Envestnet Asset Management Inc. now owns 57,040 shares of the company’s stock valued at $1,479,000 after purchasing an additional 5,343 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its stake in shares of National Security Emerging Markets Index ETF by 3.3% during the fourth quarter. Integrated Advisors Network LLC now owns 78,364 shares of the company’s stock valued at $1,963,000 after purchasing an additional 2,478 shares in the last quarter.

About National Security Emerging Markets Index ETF

The National Security Emerging Markets Index ETF (NSI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an emerging markets index that excludes companies perceived to pose a threat to the US national security. Selected securities are weighted by market-cap. NSI was launched on Dec 6, 2023 and is issued by Tuttle Capital Management.