LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) Sees Large Decline in Short Interest

LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 4,294 shares, a decline of 37.6% from the August 31st total of 6,881 shares. Based on an average daily trading volume, of 3,571 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the company’s shares are sold short.

LeaderShares AlphaFactor Tactical Focused ETF Trading Up 0.3%

LSAT traded up $0.14 during mid-day trading on Thursday, hitting $44.09. 154 shares of the stock were exchanged, compared to its average volume of 6,223. The firm’s fifty day moving average is $46.25 and its two-hundred day moving average is $43.78. 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 market cap of $63.93 million, a PE ratio of 13.49 and a beta of 0.63.

LeaderShares AlphaFactor Tactical Focused ETF Company Profile

(Get Free Report)

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.

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