LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 21,676 shares, a decline of 45.9% from the September 30th total of 40,056 shares. Based on an average daily trading volume, of 2,923 shares, the days-to-cover ratio is currently 7.4 days. Approximately 1.5% of the company’s stock are sold short.
LeaderShares AlphaFactor Tactical Focused ETF Price Performance
Shares of LSAT stock traded up $0.35 during trading hours on Friday, reaching $48.70. 6,243 shares of the stock were exchanged, compared to its average volume of 5,924. The business’s fifty day moving average is $46.20 and its two-hundred day moving average is $43.21. The firm has a market capitalization of $72.08 million, a P/E ratio of 13.49 and a beta of 0.62. LeaderShares AlphaFactor Tactical Focused ETF has a 12-month low of $38.49 and a 12-month high of $48.70.
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.
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