Relative Sentiment Tactical Allocation ETF (NASDAQ:MOOD) Sees Large Decline in Short Interest

Relative Sentiment Tactical Allocation ETF (NASDAQ:MOOD) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,856 shares, a decrease of 59.8% from the September 15th total of 17,071 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 31,228 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MOOD. Stillwater Private Wealth LLC purchased a new stake in Relative Sentiment Tactical Allocation ETF in the 1st quarter worth approximately $2,931,000. Ethos Financial Group LLC lifted its holdings in Relative Sentiment Tactical Allocation ETF by 8.8% during the first quarter. Ethos Financial Group LLC now owns 1,202,260 shares of the company’s stock valued at $49,135,000 after purchasing an additional 97,021 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV purchased a new position in Relative Sentiment Tactical Allocation ETF during the first quarter valued at approximately $632,000.

Relative Sentiment Tactical Allocation ETF Price Performance

MOOD stock traded down $0.25 on Wednesday, reaching $44.67. 12,049 shares of the company traded hands, compared to its average volume of 24,780. The firm has a fifty day simple moving average of $44.54 and a 200-day simple moving average of $43.55. The company has a market cap of $158.13 million, a P/E ratio of 17.72 and a beta of 0.66. Relative Sentiment Tactical Allocation ETF has a one year low of $36.01 and a one year high of $45.11.

Relative Sentiment Tactical Allocation ETF Company Profile

The Relative Sentiment Tactical Allocation ETF (MOOD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that tactically invests in equities, bonds, and gold based on relative sentiment factors. MOOD was launched on May 19, 2022 and is issued by Alpha Architect.