Short Interest in Fairlead Tactical Sector ETF (NYSEARCA:TACK) Declines By 88.9%

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,576 shares, a drop of 88.9% from the June 15th total of 23,157 shares. Based on an average daily trading volume, of 20,122 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Fairlead Tactical Sector ETF Trading Up 0.4%

Shares of NYSEARCA:TACK traded up $0.14 during trading on Friday, hitting $31.74. 16,677 shares of the stock were exchanged, compared to its average volume of 22,552. The company has a fifty day moving average price of $31.32 and a two-hundred day moving average price of $30.96. The company has a market cap of $286.61 million, a PE ratio of 17.28 and a beta of 0.51. Fairlead Tactical Sector ETF has a 12-month low of $28.08 and a 12-month high of $31.94.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TACK. NewEdge Advisors LLC grew its holdings in 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 $28,000 after purchasing an additional 5,617 shares during the last quarter. Royal Bank of Canada increased its position in shares of Fairlead Tactical Sector ETF by 118.2% in the fourth quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock valued at $121,000 after buying an additional 2,186 shares in the last quarter. Comerica Bank acquired a new position in shares of Fairlead Tactical Sector ETF during the 3rd quarter worth $239,000. Fifth Third Bancorp acquired a new position in shares of Fairlead Tactical Sector ETF during the 1st quarter worth $272,000. Finally, First Foundation Advisors purchased a new stake in shares of Fairlead Tactical Sector ETF in the 3rd quarter worth about $275,000.

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.