Fairlead Tactical Sector ETF (NYSEARCA:TACK) Sees Large Decrease in Short Interest

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 25,074 shares, a drop of 35.3% from the April 15th total of 38,783 shares. Based on an average daily volume of 24,295 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fairlead Tactical Sector ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evernest Financial Advisors LLC acquired a new stake in Fairlead Tactical Sector ETF during the 3rd quarter valued at $8,804,000. NBZ Investment Advisors LLC increased its holdings in Fairlead Tactical Sector ETF by 8.0% during the 4th quarter. NBZ Investment Advisors LLC now owns 318,519 shares of the company’s stock valued at $9,546,000 after purchasing an additional 23,681 shares in the last quarter. Mission Wealth Management LP acquired a new stake in Fairlead Tactical Sector ETF during the 3rd quarter valued at $2,538,000. Dakota Wealth Management acquired a new stake in Fairlead Tactical Sector ETF during the 4th quarter valued at $317,000. Finally, Commonwealth Equity Services LLC increased its holdings in Fairlead Tactical Sector ETF by 62.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 144,620 shares of the company’s stock valued at $4,334,000 after purchasing an additional 55,399 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Down 0.3%

TACK stock traded down $0.10 during midday trading on Tuesday, reaching $30.88. 2,179 shares of the company’s stock traded hands, compared to its average volume of 24,456. The company has a 50-day simple moving average of $30.74 and a two-hundred day simple moving average of $30.53. Fairlead Tactical Sector ETF has a 1-year low of $27.40 and a 1-year high of $31.85. The company has a market cap of $275.45 million, a price-to-earnings ratio of 17.28 and a beta of 0.52.

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.