Fairlead Tactical Sector ETF (NYSEARCA:TACK) Sees Significant Increase in Short Interest

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,991 shares, an increase of 326.7% from the June 30th total of 2,576 shares. Based on an average daily volume of 10,378 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of Fairlead Tactical Sector ETF by 6.6% in the first quarter. NewEdge Advisors LLC now owns 91,288 shares of the company’s stock valued at $2,775,000 after purchasing an additional 5,617 shares during the last quarter. Evernest Financial Advisors LLC lifted its position in shares of 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 worth $16,619,000 after purchasing an additional 201,285 shares during the last quarter. NBZ Investment Advisors LLC lifted its position in shares of Fairlead Tactical Sector ETF by 0.3% during the 1st quarter. NBZ Investment Advisors LLC now owns 319,396 shares of the company’s stock worth $9,709,000 after purchasing an additional 877 shares during the last quarter. Fifth Third Bancorp bought a new stake in Fairlead Tactical Sector ETF during the 1st quarter valued at approximately $272,000. Finally, Laurel Oak Wealth Management LLC bought a new stake in Fairlead Tactical Sector ETF during the 1st quarter valued at approximately $480,000.

Fairlead Tactical Sector ETF Trading Up 0.5%

NYSEARCA TACK opened at $32.14 on Friday. The company has a fifty day simple moving average of $31.51 and a 200 day simple moving average of $31.08. The company has a market cap of $290.22 million, a P/E ratio of 17.28 and a beta of 0.51. Fairlead Tactical Sector ETF has a 1 year low of $28.23 and a 1 year high of $32.25.

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.