Fairlead Tactical Sector ETF (NYSEARCA:TACK) Shares Shorted: Short Interest Down 92.0% in October

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 219 shares, a drop of 92.0% from the October 15th total of 2,753 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 13,270 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fairlead Tactical Sector ETF

A number of large investors have recently modified their holdings of TACK. D.A. Davidson & CO. purchased a new stake in shares of Fairlead Tactical Sector ETF during the 3rd quarter valued at about $252,000. Fifth Third Bancorp acquired a new stake in Fairlead Tactical Sector ETF in the first quarter valued at approximately $272,000. Farther Finance Advisors LLC grew its position in Fairlead Tactical Sector ETF by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 12,326 shares of the company’s stock valued at $387,000 after acquiring an additional 1,907 shares in the last quarter. Williams & Novak Wealth Management LLC grew its position in Fairlead Tactical Sector ETF by 4.6% in the third quarter. Williams & Novak Wealth Management LLC now owns 20,099 shares of the company’s stock valued at $631,000 after acquiring an additional 880 shares in the last quarter. Finally, Insight Wealth Partners LLC grew its position in Fairlead Tactical Sector ETF by 3.4% in the second quarter. Insight Wealth Partners LLC now owns 63,671 shares of the company’s stock valued at $2,014,000 after acquiring an additional 2,088 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Down 0.7%

Shares of TACK stock traded down $0.22 on Thursday, reaching $31.75. 5,224 shares of the stock were exchanged, compared to its average volume of 20,969. The stock has a market cap of $289.56 million, a P/E ratio of 17.28 and a beta of 0.51. The firm has a 50 day moving average of $32.00 and a two-hundred day moving average of $31.53. Fairlead Tactical Sector ETF has a 1-year low of $28.97 and a 1-year high of $33.03.

Fairlead Tactical Sector ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Monday, September 28th were given a $0.0958 dividend. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from Fairlead Tactical Sector ETF’s previous quarterly dividend of $0.1310. This represents a $0.38 annualized dividend and a dividend yield of 1.2%.

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.