Alexis Practical Tactical ETF (NASDAQ:LEXI) Sees Significant Growth in Short Interest

Alexis Practical Tactical ETF (NASDAQ:LEXI) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 10,400 shares, a growth of 38.7% from the July 31st total of 7,500 shares. Based on an average trading volume of 7,800 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 7,800 shares, the days-to-cover ratio is presently 1.3 days.

Alexis Practical Tactical ETF Price Performance

Alexis Practical Tactical ETF stock opened at $33.79 on Wednesday. The stock has a fifty day moving average price of $33.03 and a two-hundred day moving average price of $31.06. Alexis Practical Tactical ETF has a 52-week low of $26.06 and a 52-week high of $33.85. The firm has a market capitalization of $129.08 million, a P/E ratio of -15.36 and a beta of 0.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alexis Practical Tactical ETF stock. Alexis Investment Partners LLC boosted its stake in shares of Alexis Practical Tactical ETF (NASDAQ:LEXI) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,832,173 shares of the company’s stock after acquiring an additional 102,602 shares during the quarter. Alexis Practical Tactical ETF accounts for 39.4% of Alexis Investment Partners LLC’s portfolio, making the stock its largest position. Alexis Investment Partners LLC owned about 74.14% of Alexis Practical Tactical ETF worth $91,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Alexis Practical Tactical ETF

The Alexis Practical Tactical ETF (LEXI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund whose exposure varies among asset classes depending on market conditions and fund advisers assessment of multiple factors. LEXI was launched on Jun 30, 2021 and is issued by Alexis.