New York State Common Retirement Fund Sells 12,513 Shares of Nano-X Imaging Ltd. (NASDAQ:NNOX)

The New York State Common Retirement Fund (NYSCRF) has recently sold 12,513 shares of Nano-X Imaging Ltd. (NASDAQNNOX). This news was announced by the NYSCRF on August 19, 2021.

The NYSCRF is a public pension fund that manages retirement benefits for state employees and retirees in New York State. The fund has over $200 billion in assets under management and invests in a diversified portfolio of stocks, bonds, and other securities.

Nano-X Imaging Ltd. is a medical imaging technology company based in Israel. The company develops and sells non-invasive, high-resolution 3D imaging systems for use in clinical settings. Nano-X's products are designed to improve the accuracy and speed of medical diagnoses, particularly in areas such as orthopedics, sports medicine, and neurology.

The NYSCRF had previously invested in Nano-X Imaging Ltd., but has now sold its stake in the company. The reason for the sale was not disclosed by the fund. However, it is worth noting that the NYSCRF's investment decisions are made based on a rigorous due diligence process and are designed to maximize long-term returns for the fund's beneficiaries.

Overall, this news suggests that the NYSCRF has decided to divest from Nano-X Imaging Ltd., possibly due to concerns about the company's financial performance or other factors. It remains to be seen what impact this decision will have on Nano-X's stock price and overall business prospects.