Short Interest in STF Tactical Growth & Income ETF (NASDAQ:TUGN) Drops By 72.2%

STF Tactical Growth & Income ETF (NASDAQ:TUGN) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 6,000 shares, a decrease of 72.2% from the January 15th total of 21,600 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of STF Tactical Growth & Income ETF

An institutional investor recently raised its position in STF Tactical Growth & Income ETF stock. Q3 Asset Management lifted its holdings 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 filing with the Securities and Exchange Commission. The firm owned 526,877 shares of the company’s stock after purchasing an additional 210,300 shares during the quarter. STF Tactical Growth & Income ETF comprises approximately 7.8% of Q3 Asset Management’s investment portfolio, making the stock its 4th biggest position. Q3 Asset Management owned 30.99% of STF Tactical Growth & Income ETF worth $12,623,000 as of its most recent SEC filing.

STF Tactical Growth & Income ETF Stock Up 1.3 %

Shares of NASDAQ:TUGN opened at $24.97 on Friday. The business has a fifty day moving average of $24.45 and a two-hundred day moving average of $23.62. The stock has a market cap of $43.20 million, a P/E ratio of 30.60 and a beta of -0.85. STF Tactical Growth & Income ETF has a 52-week low of $21.55 and a 52-week high of $25.46.

STF Tactical Growth & Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 22nd were issued a $0.2447 dividend. The ex-dividend date was Wednesday, January 22nd.

STF Tactical Growth & Income ETF Company Profile

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.