Fairlead Tactical Sector ETF (NYSEARCA:TACK) Stock Short Interest Report for October

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 219 shares, a decline of 92.0% from the October 15th total of 2,753 shares. Based on an average daily volume of 13,270 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Fairlead Tactical Sector ETF Stock Up 0.5%

Shares of NYSEARCA:TACK traded up $0.15 during midday trading on Wednesday, reaching $31.95. 13,416 shares of the company were exchanged, compared to its average volume of 21,037. The firm has a market cap of $291.70 million, a PE ratio of 17.28 and a beta of 0.50. Fairlead Tactical Sector ETF has a fifty-two week low of $28.97 and a fifty-two week high of $33.03. The stock has a fifty day simple moving average of $32.01 and a two-hundred day simple moving average of $31.53.

Fairlead Tactical Sector ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Monday, September 28th were issued a $0.0958 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.2%. This is a negative change from Fairlead Tactical Sector ETF’s previous quarterly dividend of $0.1310. The ex-dividend date was Monday, September 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TACK. D.A. Davidson & CO. bought a new position in shares of Fairlead Tactical Sector ETF during the third quarter worth about $252,000. Fifth Third Bancorp bought a new stake in Fairlead Tactical Sector ETF in the 1st quarter valued at approximately $272,000. Farther Finance Advisors LLC lifted its stake in Fairlead Tactical Sector ETF by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,326 shares of the company’s stock valued at $387,000 after acquiring an additional 1,907 shares in the last quarter. Williams & Novak Wealth Management LLC boosted its position in Fairlead Tactical Sector ETF by 4.6% during the 3rd quarter. Williams & Novak Wealth Management LLC now owns 20,099 shares of the company’s stock worth $631,000 after acquiring an additional 880 shares during the last quarter. Finally, Insight Wealth Partners LLC boosted its position in Fairlead Tactical Sector ETF by 3.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 63,671 shares of the company’s stock worth $2,014,000 after acquiring an additional 2,088 shares during the last quarter.

About Fairlead Tactical Sector ETF

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.