Tactical Advantage ETF (NYSEARCA:FDAT) Short Interest Update

Tactical Advantage ETF (NYSEARCA:FDAT) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 324 shares, a drop of 80.8% from the April 15th total of 1,686 shares. Based on an average daily trading volume, of 844 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Tactical Advantage ETF Price Performance

Shares of NYSEARCA:FDAT remained flat at $22.26 on Tuesday. The stock had a trading volume of 507 shares, compared to its average volume of 1,199. The stock’s fifty day moving average is $21.94 and its 200-day moving average is $22.20. The stock has a market capitalization of $36.06 million, a P/E ratio of 18.08 and a beta of 0.51. Tactical Advantage ETF has a twelve month low of $20.55 and a twelve month high of $23.25.

Tactical Advantage ETF Company Profile

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.