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

by · The Cerbat Gem

LeaderShares AlphaFactor Tactical Focused ETF (NYSEARCA:LSAT – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 6,881 shares, a growth of 2,918.0% from the August 15th total of 228 shares. Based on an average daily volume of 3,365 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.5% of the company’s shares are short sold.

LeaderShares AlphaFactor Tactical Focused ETF Trading Down 0.5%

LSAT traded down $0.23 during midday trading on Thursday, hitting $45.70. The company’s stock had a trading volume of 835 shares, compared to its average volume of 5,797. LeaderShares AlphaFactor Tactical Focused ETF has a 52-week low of $38.49 and a 52-week high of $47.69. The firm has a 50-day moving average price of $46.23 and a two-hundred day moving average price of $43.18. The firm has a market cap of $63.98 million, a P/E ratio of 13.49 and a beta of 0.63.

LeaderShares AlphaFactor Tactical Focused ETF Company Profile

(Get Free Report)

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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