Tactical Advantage ETF (NYSEARCA:FDAT) Sees Large Increase in Short Interest

Tactical Advantage ETF (NYSEARCA:FDAT) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 946 shares, an increase of 192.0% from the April 30th total of 324 shares. Based on an average daily volume of 332 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.1% of the shares of the stock are sold short.

Tactical Advantage ETF Trading Up 0.2%

Shares of FDAT stock traded up $0.05 during trading hours on Friday, hitting $22.11. 302 shares of the company’s stock were exchanged, compared to its average volume of 1,097. The company has a market capitalization of $35.82 million, a PE ratio of 18.08 and a beta of 0.51. Tactical Advantage ETF has a 12-month low of $20.70 and a 12-month high of $23.25. The business’s 50 day simple moving average is $21.84 and its 200-day simple moving average is $22.14.

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.