LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) Sees Significant Drop in Short Interest

LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,294 shares, a decline of 37.6% from the August 31st total of 6,881 shares. Based on an average trading volume of 3,571 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are sold short.

LeaderShares AlphaFactor Tactical Focused ETF Trading Up 0.7%

Shares of LeaderShares AlphaFactor Tactical Focused ETF stock traded up $0.30 on Friday, reaching $44.58. 351 shares of the company were exchanged, compared to its average volume of 6,195. LeaderShares AlphaFactor Tactical Focused ETF has a fifty-two week low of $38.49 and a fifty-two week high of $47.69. The firm has a market capitalization of $67.76 million, a price-to-earnings ratio of 13.49 and a beta of 0.62. The stock has a fifty day moving average price of $46.24 and a 200-day moving average price of $43.82.

About LeaderShares AlphaFactor Tactical Focused ETF

The LeaderShares AlphaFactor Tactical Focused ETF (LSAT) is an exchange-traded fund that mostly invests in total market equity. The fund is actively-managed to invest in US stocks selected by multiple factors. The fund employs a risk overlay to overweight money-market securities during riskier periods. LSAT was launched on Oct 27, 2020 and is managed by LeaderShares.