Short Interest in Fairlead Tactical Sector ETF (NYSEARCA:TACK) Declines By 88.9%

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,576 shares, a decline of 88.9% from the June 15th total of 23,157 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 20,122 shares, the short-interest ratio is presently 0.1 days.

Fairlead Tactical Sector ETF Price Performance

Shares of NYSEARCA TACK traded up $0.14 on Friday, hitting $31.74. The company’s stock had a trading volume of 16,677 shares, compared to its average volume of 22,552. Fairlead Tactical Sector ETF has a 12-month low of $28.08 and a 12-month high of $31.94. The company has a market capitalization of $286.61 million, a price-to-earnings ratio of 17.28 and a beta of 0.51. The stock has a 50 day moving average of $31.32 and a 200-day moving average of $30.96.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in Fairlead Tactical Sector ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 91,288 shares of the company’s stock valued at $28,000 after buying an additional 5,617 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Fairlead Tactical Sector ETF by 118.2% in the fourth quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after acquiring an additional 2,186 shares during the last quarter. Comerica Bank acquired a new position in shares of Fairlead Tactical Sector ETF in the third quarter worth $239,000. Fifth Third Bancorp purchased a new stake in shares of Fairlead Tactical Sector ETF in the first quarter valued at $272,000. Finally, First Foundation Advisors purchased a new stake in shares of Fairlead Tactical Sector ETF in the third quarter valued at $275,000.

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.