Tactical Advantage ETF (NYSEARCA:FDAT) Short Interest Update

Tactical Advantage ETF (NYSEARCA:FDAT) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 383 shares, a decrease of 44.7% from the June 30th total of 693 shares. Based on an average daily trading volume, of 547 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Tactical Advantage ETF Price Performance

Tactical Advantage ETF stock traded up $0.07 during midday trading on Thursday, reaching $22.24. The company’s stock had a trading volume of 313 shares, compared to its average volume of 1,019. The stock has a market capitalization of $36.47 million, a P/E ratio of 18.08 and a beta of 0.49. The stock’s 50-day simple moving average is $22.18 and its 200-day simple moving average is $22.14. Tactical Advantage ETF has a 52-week low of $21.19 and a 52-week high of $23.25.

Tactical Advantage ETF Company Profile

The Tactical Advantage ETF (FDAT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds, aiming for capital appreciation by investing in equity and high-yield bond ETFs. The fund attempts to reduce return volatility and downside risk by shifting the portfolio’s ETF exposure into cash through a proprietary multi-factor strategy. FDAT was launched on Apr 20, 2023 and is managed by Tactical Funds.