LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) Stock Short Interest Declines 45.9%

LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 21,676 shares, a drop of 45.9% from the September 30th total of 40,056 shares. Based on an average daily volume of 2,923 shares, the days-to-cover ratio is presently 7.4 days. Currently, 1.5% of the shares of the stock are sold short.

LeaderShares AlphaFactor Tactical Focused ETF Trading Up 1.7%

Shares of LSAT traded up $0.83 during midday trading on Monday, reaching $49.53. 3,431 shares of the stock were exchanged, compared to its average volume of 5,912. LeaderShares AlphaFactor Tactical Focused ETF has a 52 week low of $38.49 and a 52 week high of $49.59. The company’s 50 day moving average is $46.20 and its two-hundred day moving average is $43.21. The company has a market capitalization of $73.30 million, a P/E ratio of 13.49 and a beta of 0.62.

LeaderShares AlphaFactor Tactical Focused ETF Company Profile

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.