Alexis Practical Tactical ETF (NASDAQ:LEXI) Sees Significant Growth in Short Interest

Alexis Practical Tactical ETF (NASDAQ:LEXI) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 30,395 shares, a growth of 44.1% from the December 31st total of 21,099 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 9,619 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 9,619 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Trading of Alexis Practical Tactical ETF

An institutional investor recently raised its position in Alexis Practical Tactical ETF stock. Alexis Investment Partners LLC boosted its holdings in shares of Alexis Practical Tactical ETF (NASDAQ:LEXI) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,832,173 shares of the company’s stock after buying an additional 102,602 shares during the period. Alexis Practical Tactical ETF makes up about 39.4% of Alexis Investment Partners LLC’s portfolio, making the stock its largest position. Alexis Investment Partners LLC owned approximately 74.14% of Alexis Practical Tactical ETF worth $91,536,000 at the end of the most recent quarter.

Alexis Practical Tactical ETF Price Performance

LEXI stock opened at $36.81 on Tuesday. The stock has a market capitalization of $153.87 million, a PE ratio of -16.73 and a beta of 0.88. The company’s 50-day moving average is $36.15 and its 200-day moving average is $34.88. Alexis Practical Tactical ETF has a 1 year low of $26.06 and a 1 year high of $37.12.

Alexis Practical Tactical ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.336 per share. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 94.0%. Alexis Practical Tactical ETF’s payout ratio is currently -29.55%.

About Alexis Practical Tactical ETF

The Alexis Practical Tactical ETF (LEXI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed, multi-asset fund whose exposure varies among asset classes depending on market conditions and fund advisers assessment of multiple factors. LEXI was launched on Jun 30, 2021 and is issued by Alexis.