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

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the recipient of a significant decline in short interest in the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 20,122 shares, the days-to-cover ratio is currently 0.1 days.

Fairlead Tactical Sector ETF Stock Up 0.4%

Shares of NYSEARCA:TACK traded up $0.14 on Friday, reaching $31.74. 16,677 shares of the company’s stock were exchanged, compared to its average volume of 22,552. The business’s 50-day moving average is $31.35 and its two-hundred day moving average is $30.97. Fairlead Tactical Sector ETF has a fifty-two week low of $28.08 and a fifty-two week high of $31.94. The firm has a market capitalization of $286.61 million, a price-to-earnings ratio of 17.28 and a beta of 0.51.

Institutional Investors Weigh In On Fairlead Tactical Sector ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Fairlead Tactical Sector ETF by 118.2% during the 4th quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after purchasing an additional 2,186 shares during the period. Comerica Bank acquired a new position in Fairlead Tactical Sector ETF during the 3rd quarter valued at approximately $239,000. Fifth Third Bancorp bought a new position in Fairlead Tactical Sector ETF during the 1st quarter worth $272,000. First Foundation Advisors bought a new position in Fairlead Tactical Sector ETF during the 3rd quarter worth $275,000. Finally, Dakota Wealth Management acquired a new stake in Fairlead Tactical Sector ETF in the fourth quarter worth $317,000.

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.