Short Interest in Tactical Advantage ETF (NYSEARCA:FDAT) Drops By 47.4%

Tactical Advantage ETF (NYSEARCA:FDAT) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,000 shares, a drop of 47.4% from the August 31st total of 1,900 shares. Based on an average trading volume of 1,400 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 1,400 shares, the short-interest ratio is currently 0.7 days.

Tactical Advantage ETF Trading Up 1.0%

NYSEARCA:FDAT opened at $22.90 on Monday. The firm has a 50-day moving average price of $21.88 and a two-hundred day moving average price of $21.17. Tactical Advantage ETF has a twelve month low of $19.88 and a twelve month high of $23.76. The company has a market capitalization of $35.72 million, a P/E ratio of 18.08 and a beta of 0.66.

Tactical Advantage ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 25th were issued a $0.1292 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 25th.

About Tactical Advantage ETF

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.