Tactical Advantage ETF (NYSEARCA:FDAT) Sees Large Increase in Short Interest

Tactical Advantage ETF (NYSEARCA:FDAT) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 946 shares, an increase of 192.0% from the April 30th total of 324 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 332 shares, the short-interest ratio is currently 2.8 days.

Tactical Advantage ETF Stock Up 0.2%

FDAT traded up $0.05 during trading on Friday, hitting $22.11. 302 shares of the company traded hands, compared to its average volume of 1,097. The firm has a market cap of $35.82 million, a P/E ratio of 18.08 and a beta of 0.51. The stock’s fifty day moving average is $21.84 and its 200 day moving average is $22.14. Tactical Advantage ETF has a one year low of $20.70 and a one year high of $23.25.

Tactical Advantage ETF Company Profile

The Tactical Advantage ETF (FDAT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds, aiming for capital appreciation by investing in equity and high-yield bond ETFs. The fund attempts to reduce return volatility and downside risk by shifting the portfolio’s ETF exposure into cash through a proprietary multi-factor strategy. FDAT was launched on Apr 20, 2023 and is managed by Tactical Funds.