Fairlead Tactical Sector ETF (NYSEARCA:TACK) Short Interest Down 66.3% in August

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,466 shares, a drop of 66.3% from the July 30th total of 16,214 shares. Based on an average daily volume of 11,352 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TACK. NewEdge Advisors LLC increased its position in shares of Fairlead Tactical Sector ETF by 9.3% in the first quarter. NewEdge Advisors LLC now owns 32,310 shares of the company’s stock worth $879,000 after purchasing an additional 2,747 shares during the period. Jane Street Group LLC grew its stake in Fairlead Tactical Sector ETF by 183.3% during the second quarter. Jane Street Group LLC now owns 41,523 shares of the company’s stock worth $1,172,000 after buying an additional 26,864 shares in the last quarter. Comerica Bank acquired a new stake in Fairlead Tactical Sector ETF during the third quarter worth about $239,000. Ameriprise Financial Inc. bought a new position in Fairlead Tactical Sector ETF in the 3rd quarter valued at about $6,600,000. Finally, FMA Wealth Management LLC raised its position in shares of Fairlead Tactical Sector ETF by 2.1% in the 3rd quarter. FMA Wealth Management LLC now owns 52,136 shares of the company’s stock valued at $1,565,000 after buying an additional 1,092 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Performance

Shares of NYSEARCA TACK traded down $0.15 during midday trading on Friday, reaching $32.60. The company’s stock had a trading volume of 17,542 shares, compared to its average volume of 22,373. The company has a market cap of $295.68 million, a P/E ratio of 17.28 and a beta of 0.50. The business’s 50 day moving average price is $32.09 and its two-hundred day moving average price is $31.40. Fairlead Tactical Sector ETF has a fifty-two week low of $28.68 and a fifty-two week high of $33.03.

Fairlead Tactical Sector ETF Company Profile

The Fairlead Tactical Sector Fund (TACK) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund relies on a proprietary, technical model to actively manage a US large-cap sector rotation strategy. During periods deemed risk-off, the fund toggles the exposure to short- or long-term US Treasurys or gold TACK was launched on Mar 23, 2022 and is managed by Fairlead.