Short Interest in Tactical Advantage ETF (NYSEARCA:FDAT) Rises By 60.0%

Tactical Advantage ETF (NYSEARCA:FDAT) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 800 shares, a growth of 60.0% from the September 30th total of 500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are sold short.

Tactical Advantage ETF Stock Performance

FDAT stock opened at $22.60 on Tuesday. The company has a market capitalization of $35.26 million, a price-to-earnings ratio of 18.08 and a beta of 0.59. Tactical Advantage ETF has a fifty-two week low of $19.88 and a fifty-two week high of $23.76. The stock has a fifty day moving average of $22.40 and a 200-day moving average of $21.50.

Tactical Advantage ETF Dividend Announcement

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

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.