Alexis Practical Tactical ETF (NASDAQ:LEXI) Sees Large Increase in Short Interest

Alexis Practical Tactical ETF (NASDAQ:LEXIGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 30,395 shares, a growth of 44.1% from the December 31st total of 21,099 shares. Based on an average daily volume of 9,619 shares, the short-interest ratio is currently 3.2 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 9,619 shares, the short-interest ratio is currently 3.2 days.

Alexis Practical Tactical ETF Stock Down 1.4%

Shares of NASDAQ LEXI opened at $36.60 on Friday. Alexis Practical Tactical ETF has a 12-month low of $26.06 and a 12-month high of $37.12. The firm’s 50-day simple moving average is $36.11 and its 200 day simple moving average is $34.84. The company has a market cap of $152.99 million, a price-to-earnings ratio of -16.64 and a beta of 0.88.

Alexis Practical Tactical ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 31st were given a dividend of $0.336 per share. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 94.0%. Alexis Practical Tactical ETF’s payout ratio is presently -29.55%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alexis Practical Tactical ETF stock. Alexis Investment Partners LLC boosted its holdings in shares of Alexis Practical Tactical ETF (NASDAQ:LEXIFree Report) by 3.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,832,173 shares of the company’s stock after acquiring an additional 102,602 shares during the period. Alexis Practical Tactical ETF accounts for 39.4% of Alexis Investment Partners LLC’s portfolio, making the stock its largest position. Alexis Investment Partners LLC owned 74.14% of Alexis Practical Tactical ETF worth $91,536,000 as of its most recent SEC filing.

About Alexis Practical Tactical ETF

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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.

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