Tactical Advantage ETF (NYSEARCA:FDAT) Sees Large Growth in Short Interest

Tactical Advantage ETF (NYSEARCA:FDAT) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,049 shares, an increase of 173.9% from the July 15th total of 383 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 450 shares, the days-to-cover ratio is presently 2.3 days.

Tactical Advantage ETF Price Performance

Shares of NYSEARCA:FDAT traded up $0.04 during mid-day trading on Friday, reaching $22.98. 996 shares of the company were exchanged, compared to its average volume of 1,008. Tactical Advantage ETF has a 1 year low of $21.42 and a 1 year high of $23.25. The firm’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $22.17. The firm has a market cap of $37.69 million, a price-to-earnings ratio of 18.08 and a beta of 0.49.

Tactical Advantage ETF Company Profile

The Tactical Advantage ETF (FDAT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds, aiming for capital appreciation by investing in equity and high-yield bond ETFs. The fund attempts to reduce return volatility and downside risk by shifting the portfolio’s ETF exposure into cash through a proprietary multi-factor strategy. FDAT was launched on Apr 20, 2023 and is managed by Tactical Funds.