Fairlead Tactical Sector ETF (NYSEARCA:TACK) Short Interest Update

Fairlead Tactical Sector ETF (NYSEARCA:TACK) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,991 shares, an increase of 326.7% from the June 30th total of 2,576 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 10,378 shares, the days-to-cover ratio is presently 1.1 days.

Fairlead Tactical Sector ETF Stock Performance

Fairlead Tactical Sector ETF stock opened at $32.06 on Tuesday. The firm’s 50 day moving average price is $31.53 and its two-hundred day moving average price is $31.10. The firm has a market cap of $289.50 million, a PE ratio of 17.28 and a beta of 0.51. Fairlead Tactical Sector ETF has a twelve month low of $28.23 and a twelve month high of $32.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Evernest Financial Advisors LLC lifted its holdings in shares of Fairlead Tactical Sector ETF by 59.2% during the 1st quarter. Evernest Financial Advisors LLC now owns 541,504 shares of the company’s stock valued at $16,619,000 after buying an additional 201,285 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Fairlead Tactical Sector ETF by 96,192.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24,073 shares of the company’s stock worth $721,000 after buying an additional 24,048 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Fairlead Tactical Sector ETF by 62.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 144,620 shares of the company’s stock worth $4,334,000 after buying an additional 55,399 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Fairlead Tactical Sector ETF during the fourth quarter valued at approximately $769,000. Finally, Laurel Oak Wealth Management LLC bought a new position in Fairlead Tactical Sector ETF during the first quarter valued at approximately $480,000.

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.