Alexis Practical Tactical ETF (NASDAQ:LEXI) Sees Significant Drop in Short Interest

Alexis Practical Tactical ETF (NASDAQ:LEXI) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 15,089 shares, a decrease of 41.6% from the July 30th total of 25,847 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 9,386 shares, the days-to-cover ratio is currently 1.6 days.

Alexis Practical Tactical ETF Stock Performance

Shares of NASDAQ LEXI traded down $0.22 during mid-day trading on Monday, reaching $40.62. The company had a trading volume of 15,752 shares, compared to its average volume of 10,039. The firm has a market cap of $188.48 million, a price-to-earnings ratio of -18.46 and a beta of 0.87. The business’s 50-day simple moving average is $40.50 and its 200 day simple moving average is $38.71. Alexis Practical Tactical ETF has a one year low of $33.14 and a one year high of $41.36.

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.