Alexis Practical Tactical ETF (NASDAQ:LEXI) Short Interest Up 63.5% in January

Alexis Practical Tactical ETF (NASDAQ:LEXI) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 49,710 shares, an increase of 63.5% from the January 15th total of 30,395 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 8,895 shares, the short-interest ratio is presently 5.6 days. Based on an average trading volume of 8,895 shares, the short-interest ratio is presently 5.6 days. Approximately 1.1% of the shares of the stock are short sold.

Alexis Practical Tactical ETF Price Performance

NASDAQ:LEXI traded up $0.08 during trading hours on Friday, reaching $36.74. 6,151 shares of the company traded hands, compared to its average volume of 9,392. The firm’s 50-day moving average is $36.36 and its 200-day moving average is $35.13. The stock has a market cap of $167.90 million, a P/E ratio of -16.70 and a beta of 0.88. Alexis Practical Tactical ETF has a 1-year low of $26.06 and a 1-year high of $37.26.

Alexis Practical Tactical ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a dividend of $0.336 per share. This represents a yield of 94.0%. The ex-dividend date was Wednesday, December 31st. Alexis Practical Tactical ETF’s dividend payout ratio (DPR) is currently -29.55%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alexis Practical Tactical ETF stock. Alexis Investment Partners LLC lifted its position in shares of Alexis Practical Tactical ETF (NASDAQ:LEXI) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,832,173 shares of the company’s stock after buying an additional 102,602 shares during the quarter. Alexis Practical Tactical ETF makes up 39.4% of Alexis Investment Partners LLC’s investment portfolio, making the stock its largest position. Alexis Investment Partners LLC owned about 74.14% of Alexis Practical Tactical ETF worth $91,536,000 at the end of the most recent quarter.

Alexis Practical Tactical ETF Company Profile

The Alexis Practical Tactical ETF (LEXI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund whose exposure varies among asset classes depending on market conditions and fund advisers assessment of multiple factors. LEXI was launched on Jun 30, 2021 and is issued by Alexis.