Fairlead Tactical Sector ETF (NYSEARCA:TACK) Short Interest Down 66.3% in August

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,466 shares, a drop of 66.3% from the July 30th total of 16,214 shares. Based on an average daily volume of 11,352 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Fairlead Tactical Sector ETF Stock Down 0.5%

Shares of Fairlead Tactical Sector ETF stock traded down $0.15 on Friday, reaching $32.60. The company’s stock had a trading volume of 17,542 shares, compared to its average volume of 22,373. The company has a market capitalization of $295.68 million, a price-to-earnings ratio of 17.28 and a beta of 0.50. Fairlead Tactical Sector ETF has a 52 week low of $28.68 and a 52 week high of $33.03. The firm’s fifty day simple moving average is $32.07 and its two-hundred day simple moving average is $31.39.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

A number of hedge funds have recently bought and sold shares of TACK. Evernest Financial Advisors LLC lifted its stake in Fairlead Tactical Sector ETF by 59.2% during the 1st quarter. Evernest Financial Advisors LLC now owns 541,504 shares of the company’s stock valued at $16,619,000 after acquiring an additional 201,285 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fairlead Tactical Sector ETF by 96,192.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24,073 shares of the company’s stock worth $721,000 after acquiring an additional 24,048 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Fairlead Tactical Sector ETF by 62.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 144,620 shares of the company’s stock valued at $4,334,000 after purchasing an additional 55,399 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at approximately $769,000. Finally, Laurel Oak Wealth Management LLC bought a new position in Fairlead Tactical Sector ETF during the first quarter valued at approximately $480,000.

Fairlead Tactical Sector ETF Company Profile

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.