LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) Sees Significant Growth in Short Interest

LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,881 shares, an increase of 2,918.0% from the August 15th total of 228 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 3,365 shares, the days-to-cover ratio is presently 2.0 days.

LeaderShares AlphaFactor Tactical Focused ETF Stock Down 0.5%

Shares of NYSEARCA LSAT traded down $0.23 during midday trading on Thursday, hitting $45.70. The stock had a trading volume of 835 shares, compared to its average volume of 5,797. The company has a market capitalization of $63.98 million, a price-to-earnings ratio of 13.49 and a beta of 0.63. LeaderShares AlphaFactor Tactical Focused ETF has a 1-year low of $38.49 and a 1-year high of $47.69. The company has a fifty day moving average price of $46.23 and a 200 day moving average price of $43.18.

LeaderShares AlphaFactor Tactical Focused ETF Company Profile

The LeaderShares AlphaFactor Tactical Focused ETF (LSAT) is an exchange-traded fund that mostly invests in total market equity. The fund is actively-managed to invest in US stocks selected by multiple factors. The fund employs a risk overlay to overweight money-market securities during riskier periods. LSAT was launched on Oct 27, 2020 and is managed by LeaderShares.