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

Alexis Practical Tactical ETF (NASDAQ:LEXI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 51,109 shares, an increase of 85.3% from the May 31st total of 27,580 shares. Based on an average trading volume of 11,647 shares, the days-to-cover ratio is currently 4.4 days. Approximately 1.2% of the company’s shares are sold short.

Alexis Practical Tactical ETF Price Performance

Shares of Alexis Practical Tactical ETF stock traded down $0.27 during midday trading on Wednesday, reaching $40.39. The company had a trading volume of 13,063 shares, compared to its average volume of 9,696. The stock has a fifty day moving average price of $39.52 and a 200 day moving average price of $37.45. Alexis Practical Tactical ETF has a fifty-two week low of $32.37 and a fifty-two week high of $40.69. The firm has a market cap of $178.52 million, a PE ratio of -18.36 and a beta of 0.88.

Alexis Practical Tactical ETF Company Profile

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.