Fairlead Tactical Sector ETF (NYSEARCA:TACK) Short Interest Update

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 2,576 shares, a decline of 88.9% from the June 15th total of 23,157 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 20,122 shares, the days-to-cover ratio is presently 0.1 days.

Fairlead Tactical Sector ETF Price Performance

Shares of Fairlead Tactical Sector ETF stock traded up $0.14 during trading on Friday, reaching $31.74. 16,677 shares of the company traded hands, compared to its average volume of 22,552. The firm has a market capitalization of $286.61 million, a PE ratio of 17.28 and a beta of 0.51. Fairlead Tactical Sector ETF has a 1-year low of $28.08 and a 1-year high of $31.94. The company has a 50 day moving average price of $31.35 and a 200-day moving average price of $30.97.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Several institutional investors have recently made changes to their positions in TACK. Ameriprise Financial Inc. acquired a new stake in shares of Fairlead Tactical Sector ETF in the 3rd quarter valued at about $6,600,000. Evernest Financial Advisors LLC raised its stake in Fairlead Tactical Sector ETF by 59.2% during the 1st quarter. Evernest Financial Advisors LLC now owns 541,504 shares of the company’s stock worth $16,619,000 after buying an additional 201,285 shares during the period. NewEdge Advisors LLC raised its stake in Fairlead Tactical Sector ETF by 178.4% during the 2nd quarter. NewEdge Advisors LLC now owns 89,952 shares of the company’s stock worth $2,539,000 after buying an additional 57,642 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Fairlead Tactical Sector ETF by 62.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 144,620 shares of the company’s stock worth $4,334,000 after acquiring an additional 55,399 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Fairlead Tactical Sector ETF by 183.3% in the second quarter. Jane Street Group LLC now owns 41,523 shares of the company’s stock worth $1,172,000 after acquiring an additional 26,864 shares in the last quarter.

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.