Tactical Advantage ETF (NYSEARCA:FDAT) Short Interest Down 44.7% in July

Tactical Advantage ETF (NYSEARCA:FDAT) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 383 shares, a drop of 44.7% from the June 30th total of 693 shares. Based on an average daily trading volume, of 547 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

Tactical Advantage ETF Stock Performance

Shares of NYSEARCA:FDAT traded down $0.11 during trading on Wednesday, hitting $22.18. The company’s stock had a trading volume of 602 shares, compared to its average volume of 1,023. Tactical Advantage ETF has a fifty-two week low of $21.19 and a fifty-two week high of $23.25. The business has a 50 day moving average price of $22.17 and a two-hundred day moving average price of $22.14. The company has a market capitalization of $36.38 million, a PE ratio of 18.08 and a beta of 0.49.

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.