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

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 5,466 shares, a decrease of 66.3% from the July 30th total of 16,214 shares. Based on an average trading volume of 11,352 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Fairlead Tactical Sector ETF

A number of hedge funds have recently modified their holdings of TACK. NewEdge Advisors LLC increased its stake in shares of Fairlead Tactical Sector ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 91,288 shares of the company’s stock worth $28,000 after acquiring an additional 5,617 shares in the last quarter. Royal Bank of Canada boosted its stake in Fairlead Tactical Sector ETF by 118.2% during the fourth quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after acquiring an additional 2,186 shares in the last quarter. Comerica Bank purchased a new stake in Fairlead Tactical Sector ETF in the third quarter worth about $239,000. Fifth Third Bancorp bought a new position in shares of Fairlead Tactical Sector ETF during the first quarter valued at approximately $272,000. Finally, First Foundation Advisors bought a new position in shares of Fairlead Tactical Sector ETF during the third quarter valued at approximately $275,000.

Fairlead Tactical Sector ETF Stock Down 0.5%

NYSEARCA TACK opened at $32.60 on Friday. Fairlead Tactical Sector ETF has a twelve month low of $28.68 and a twelve month high of $33.03. The firm has a market capitalization of $295.68 million, a PE ratio of 17.28 and a beta of 0.50. The stock’s 50 day moving average is $32.09 and its 200 day moving average is $31.40.

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.