Fairlead Tactical Sector ETF (NYSEARCA:TACK) Sees Significant Decline in Short Interest

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 25,074 shares, a decline of 35.3% from the April 15th total of 38,783 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,295 shares, the days-to-cover ratio is currently 1.0 days.

Fairlead Tactical Sector ETF Trading Up 0.5%

TACK stock traded up $0.16 during trading on Monday, hitting $30.98. The company had a trading volume of 21,895 shares, compared to its average volume of 24,700. The company has a fifty day moving average price of $30.74 and a two-hundred day moving average price of $30.53. The company has a market cap of $276.34 million, a P/E ratio of 17.28 and a beta of 0.52. Fairlead Tactical Sector ETF has a fifty-two week low of $27.40 and a fifty-two week high of $31.85.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Institutional investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC bought a new position in Fairlead Tactical Sector ETF in the 3rd quarter valued at $95,000. Royal Bank of Canada raised its position in Fairlead Tactical Sector ETF by 118.2% in the 4th quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock valued at $121,000 after purchasing an additional 2,186 shares during the last quarter. Comerica Bank bought a new position in Fairlead Tactical Sector ETF in the 3rd quarter valued at $239,000. Fifth Third Bancorp bought a new position in Fairlead Tactical Sector ETF in the 1st quarter valued at $272,000. Finally, First Foundation Advisors bought a new position in Fairlead Tactical Sector ETF in the 3rd quarter valued at $275,000.

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.