Short Interest in Alexis Practical Tactical ETF (NASDAQ:LEXI) Drops By 21.2%

Alexis Practical Tactical ETF (NASDAQ:LEXI) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 73,166 shares, a decline of 21.2% from the February 12th total of 92,802 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 4,615 shares, the short-interest ratio is currently 15.9 days. Based on an average daily volume of 4,615 shares, the short-interest ratio is currently 15.9 days. Approximately 1.6% of the company’s shares are short sold.

Alexis Practical Tactical ETF Trading Up 0.3%

LEXI stock traded up $0.10 during midday trading on Tuesday, hitting $35.93. The company had a trading volume of 2,087 shares, compared to its average volume of 7,835. The stock has a market cap of $164.20 million, a price-to-earnings ratio of -16.33 and a beta of 0.88. Alexis Practical Tactical ETF has a 52 week low of $26.06 and a 52 week high of $37.36. The stock’s 50 day moving average price is $36.58 and its 200 day moving average price is $35.64.

Alexis Practical Tactical ETF Dividend Announcement

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