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

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,604 shares, a decrease of 42.4% from the August 31st total of 4,520 shares. Based on an average daily volume of 9,548 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Fairlead Tactical Sector ETF Trading Down 0.0%

Shares of NYSEARCA TACK traded down $0.01 during trading on Friday, reaching $31.46. 3,466 shares of the company traded hands, compared to its average volume of 22,360. The firm’s fifty day simple moving average is $32.28 and its 200 day simple moving average is $31.53. The stock has a market cap of $287.59 million, a P/E ratio of 17.28 and a beta of 0.51. Fairlead Tactical Sector ETF has a 12-month low of $28.97 and a 12-month high of $33.03.

Fairlead Tactical Sector ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Monday, September 28th will be given a dividend of $0.0958 per share. This is a decrease from Fairlead Tactical Sector ETF’s previous quarterly dividend of $0.1310. This represents a $0.38 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, September 28th.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Institutional investors have recently made changes to their positions in the company. NBZ Investment Advisors LLC boosted its stake in shares of Fairlead Tactical Sector ETF by 0.3% in the first quarter. NBZ Investment Advisors LLC now owns 319,396 shares of the company’s stock worth $9,709,000 after acquiring an additional 877 shares during the last quarter. Insight Wealth Partners LLC raised its stake in Fairlead Tactical Sector ETF by 3.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 63,671 shares of the company’s stock valued at $2,014,000 after purchasing an additional 2,088 shares during the last quarter. NewEdge Advisors LLC raised its stake in Fairlead Tactical Sector ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 91,288 shares of the company’s stock valued at $28,000 after purchasing an additional 5,617 shares during the last quarter. Fifth Third Bancorp purchased a new position in Fairlead Tactical Sector ETF in the 1st quarter valued at $272,000. Finally, Laurel Oak Wealth Management LLC purchased a new position in Fairlead Tactical Sector ETF in the 1st quarter valued at $480,000.

Fairlead Tactical Sector ETF Company Profile

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.