Short Interest in Tactical Advantage ETF (NYSEARCA:FDAT) Drops By 80.8%

Tactical Advantage ETF (NYSEARCA:FDAT) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 324 shares, a drop of 80.8% from the April 15th total of 1,686 shares. Based on an average daily trading volume, of 844 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Tactical Advantage ETF Stock Performance

Tactical Advantage ETF stock remained flat at $22.26 during mid-day trading on Tuesday. The company’s stock had a trading volume of 507 shares, compared to its average volume of 1,199. The stock has a fifty day moving average price of $21.94 and a 200-day moving average price of $22.20. Tactical Advantage ETF has a 52 week low of $20.55 and a 52 week high of $23.25. The stock has a market capitalization of $36.06 million, a price-to-earnings ratio of 18.08 and a beta of 0.51.

About Tactical Advantage ETF

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.