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

Alexis Practical Tactical ETF (NASDAQ:LEXI) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 33,882 shares, an increase of 158.4% from the April 15th total of 13,113 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 11,798 shares, the days-to-cover ratio is currently 2.9 days.

Alexis Practical Tactical ETF Price Performance

Shares of LEXI stock traded down $0.41 during mid-day trading on Friday, hitting $39.24. 15,103 shares of the stock traded hands, compared to its average volume of 9,248. The stock has a market cap of $173.44 million, a P/E ratio of -17.84 and a beta of 0.88. The stock’s fifty day moving average is $36.95 and its two-hundred day moving average is $36.39. Alexis Practical Tactical ETF has a 52-week low of $30.74 and a 52-week high of $39.67.

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.