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

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant decrease in short interest in the month of 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 Inflows and Outflows

An institutional investor recently raised its position in STF Tactical Growth & Income ETF stock. Q3 Asset Management boosted its position in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 66.4% during the 4th quarter, according to its most recent 13F filing with the Securities & 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 about 7.8% of Q3 Asset Management’s portfolio, making the stock its 4th biggest position. 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 Stock Performance

Shares of NASDAQ TUGN opened at $24.97 on Friday. The business’s 50 day moving average price is $24.45 and its 200-day moving average price is $23.62. STF Tactical Growth & Income ETF has a fifty-two week low of $21.55 and a fifty-two week high of $25.46. The company has a market cap of $43.20 million, a price-to-earnings ratio of 30.60 and a beta of -0.85.

STF Tactical Growth & Income ETF Cuts Dividend

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