Short Interest in Alexis Practical Tactical ETF (NASDAQ:LEXI) Declines By 54.8%

Alexis Practical Tactical ETF (NASDAQ:LEXI) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 22,026 shares, a drop of 54.8% from the June 30th total of 48,731 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 17,080 shares, the days-to-cover ratio is currently 1.3 days.

Alexis Practical Tactical ETF Stock Performance

LEXI traded up $0.52 during midday trading on Thursday, reaching $39.91. 646 shares of the company were exchanged, compared to its average volume of 10,129. The company has a market cap of $185.18 million, a price-to-earnings ratio of -18.14 and a beta of 0.87. Alexis Practical Tactical ETF has a one year low of $32.54 and a one year high of $40.69. The company’s fifty day moving average price is $40.12 and its 200 day moving average price is $38.06.

Alexis Practical Tactical ETF Company Profile

The Alexis Practical Tactical ETF (LEXI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund whose exposure varies among asset classes depending on market conditions and fund advisers assessment of multiple factors. LEXI was launched on Jun 30, 2021 and is issued by Alexis.