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

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 25,074 shares, a decline of 35.3% from the April 15th total of 38,783 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 24,295 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC increased its position in Fairlead Tactical Sector ETF by 2.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 16,601 shares of the company’s stock worth $498,000 after buying an additional 344 shares during the period. NBZ Investment Advisors LLC grew its holdings 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 in the last quarter. FMA Wealth Management LLC grew its holdings in shares of Fairlead Tactical Sector ETF by 2.1% during the 3rd quarter. FMA Wealth Management LLC now owns 52,136 shares of the company’s stock worth $1,565,000 after purchasing an additional 1,092 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Fairlead Tactical Sector ETF by 9.2% during the 4th quarter. LPL Financial LLC now owns 16,211 shares of the company’s stock worth $486,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Fairlead Tactical Sector ETF by 118.2% during the 4th quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after purchasing an additional 2,186 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Up 0.5%

NYSEARCA TACK traded up $0.16 during trading on Monday, hitting $30.98. The company’s stock had a trading volume of 21,895 shares, compared to its average volume of 24,700. The firm has a 50 day moving average price of $30.74 and a 200 day moving average price of $30.53. The firm has a market cap of $276.34 million, a P/E ratio of 17.28 and a beta of 0.52. Fairlead Tactical Sector ETF has a 52 week low of $27.40 and a 52 week high of $31.85.

About Fairlead Tactical Sector ETF

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.