Fairlead Tactical Sector ETF (NYSEARCA:TACK) Short Interest Update

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 10,991 shares, a growth of 326.7% from the June 30th total of 2,576 shares. Based on an average trading volume of 10,378 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Fairlead Tactical Sector ETF by 118.2% during the 4th quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after buying an additional 2,186 shares during the period. Comerica Bank acquired a new position in Fairlead Tactical Sector ETF in the 3rd quarter worth $239,000. Fifth Third Bancorp acquired a new position in Fairlead Tactical Sector ETF in the 1st quarter worth $272,000. First Foundation Advisors bought a new position in Fairlead Tactical Sector ETF during the 3rd quarter worth about $275,000. Finally, Dakota Wealth Management acquired a new stake in shares of Fairlead Tactical Sector ETF in the 4th quarter valued at about $317,000.

Fairlead Tactical Sector ETF Stock Performance

NYSEARCA:TACK traded down $0.04 during trading hours on Monday, hitting $32.10. The stock had a trading volume of 24,180 shares, compared to its average volume of 21,666. Fairlead Tactical Sector ETF has a one year low of $28.23 and a one year high of $32.26. The company has a market cap of $289.86 million, a price-to-earnings ratio of 17.28 and a beta of 0.51. The business’s 50 day moving average is $31.51 and its 200-day moving average is $31.09.

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.