Fairlead Tactical Sector ETF (NYSEARCA:TACK) Stock Short Interest Report for October

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 219 shares, a drop of 92.0% from the October 15th total of 2,753 shares. Based on an average daily volume of 13,270 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Fairlead Tactical Sector ETF

A number of institutional investors have recently added to or reduced their stakes in TACK. NewEdge Advisors LLC increased its stake in shares of Fairlead Tactical Sector ETF by 6.6% in the first quarter. NewEdge Advisors LLC now owns 91,288 shares of the company’s stock worth $28,000 after buying an additional 5,617 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Fairlead Tactical Sector ETF in the third quarter worth $252,000. Fifth Third Bancorp purchased a new stake in Fairlead Tactical Sector ETF during the 1st quarter valued at approximately $272,000. Farther Finance Advisors LLC grew its holdings in Fairlead Tactical Sector ETF by 18.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,326 shares of the company’s stock valued at $387,000 after buying an additional 1,907 shares in the last quarter. Finally, Williams & Novak Wealth Management LLC increased its position in Fairlead Tactical Sector ETF by 4.6% in the third quarter. Williams & Novak Wealth Management LLC now owns 20,099 shares of the company’s stock worth $631,000 after purchasing an additional 880 shares during the last quarter.

Fairlead Tactical Sector ETF Price Performance

TACK stock traded down $0.20 during midday trading on Tuesday, reaching $31.80. 16,313 shares of the company were exchanged, compared to its average volume of 21,073. The firm has a market capitalization of $290.33 million, a price-to-earnings ratio of 17.28 and a beta of 0.50. The business has a 50-day moving average price of $32.03 and a two-hundred day moving average price of $31.52. Fairlead Tactical Sector ETF has a one year low of $28.97 and a one year high of $33.03.

Fairlead Tactical Sector ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Monday, September 28th were paid a $0.0958 dividend. This is a negative change from Fairlead Tactical Sector ETF’s previous quarterly dividend of $0.1310. This represents a $0.38 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, September 28th.

About Fairlead Tactical Sector ETF

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.