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

Alexis Practical Tactical ETF (NASDAQ:LEXIGet Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 21,099 shares, an increase of 147.9% from the December 15th total of 8,511 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 8,280 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 8,280 shares, the short-interest ratio is presently 2.5 days. Currently, 0.5% of the company’s shares are sold short.

Alexis Practical Tactical ETF Stock Performance

LEXI opened at $36.52 on Wednesday. The company has a fifty day moving average price of $35.68 and a two-hundred day moving average price of $34.47. The firm has a market capitalization of $164.71 million, a PE ratio of -16.60 and a beta of 0.88. Alexis Practical Tactical ETF has a 52 week low of $26.06 and a 52 week high of $36.67.

Alexis Practical Tactical ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were issued a $0.336 dividend. 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%.

Hedge Funds Weigh In On Alexis Practical Tactical ETF

An institutional investor recently raised its position in Alexis Practical Tactical ETF stock. Alexis Investment Partners LLC raised its stake in shares of Alexis Practical Tactical ETF (NASDAQ:LEXIFree Report) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,832,173 shares of the company’s stock after buying an additional 102,602 shares during the quarter. Alexis Practical Tactical ETF comprises 39.4% of Alexis Investment Partners LLC’s portfolio, making the stock its biggest position. Alexis Investment Partners LLC owned 74.14% of Alexis Practical Tactical ETF worth $91,536,000 as of its most recent filing with the Securities and Exchange Commission.

About Alexis Practical Tactical ETF

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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.

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