STF Tactical Growth & Income ETF (NASDAQ:TUGN) Sees Large Increase in Short Interest

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 43,200 shares, a growth of 620.0% from the January 31st total of 6,000 shares. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is presently 4.6 days.

Hedge Funds Weigh In On STF Tactical Growth & Income ETF

An institutional investor recently raised its position in STF Tactical Growth & Income ETF stock. Q3 Asset Management increased its stake in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,877 shares of the company’s stock after purchasing an additional 210,300 shares during the quarter. STF Tactical Growth & Income ETF makes up approximately 7.8% of Q3 Asset Management’s holdings, making the stock its 4th largest holding. Q3 Asset Management owned 30.99% of STF Tactical Growth & Income ETF worth $12,623,000 at the end of the most recent reporting period.

STF Tactical Growth & Income ETF Trading Down 2.9 %

Shares of NASDAQ TUGN opened at $23.14 on Friday. The company’s 50-day moving average price is $24.41 and its 200 day moving average price is $23.76. STF Tactical Growth & Income ETF has a 52 week low of $21.55 and a 52 week high of $25.46. The stock has a market cap of $40.03 million, a price-to-earnings ratio of 34.82 and a beta of -0.85.

STF Tactical Growth & Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 26th were given a dividend of $0.243 per share. The ex-dividend date was Wednesday, February 26th.

About STF Tactical Growth & Income ETF

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes.