LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) Sees Significant Growth in Short Interest

LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 333 shares, an increase of 494.6% from the May 31st total of 56 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

LeaderShares AlphaFactor Tactical Focused ETF Stock Performance

LSAT stock traded up $0.71 during mid-day trading on Friday, hitting $44.18. The company had a trading volume of 744 shares, compared to its average volume of 7,243. LeaderShares AlphaFactor Tactical Focused ETF has a 12 month low of $38.49 and a 12 month high of $44.18. The stock’s fifty day moving average price is $42.69 and its two-hundred day moving average price is $40.70. The firm has a market cap of $64.06 million, a PE ratio of 13.49 and a beta of 0.64.

About LeaderShares AlphaFactor Tactical Focused ETF

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.