Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) Sees Significant Growth in Short Interest

Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 22,840 shares, an increase of 1,591.9% from the July 30th total of 1,350 shares. Based on an average trading volume of 7,071 shares, the short-interest ratio is currently 3.2 days. Currently, 0.4% of the company’s shares are short sold.

Blueprint Chesapeake Multi-Asset Trend ETF Trading Down 0.1%

Blueprint Chesapeake Multi-Asset Trend ETF stock traded down $0.02 during midday trading on Tuesday, reaching $29.85. 22,652 shares of the stock traded hands, compared to its average volume of 9,880. The firm has a market cap of $159.70 million, a PE ratio of 19.75 and a beta of 0.59. The company has a 50-day simple moving average of $30.41 and a two-hundred day simple moving average of $30.02. Blueprint Chesapeake Multi-Asset Trend ETF has a 12-month low of $23.44 and a 12-month high of $33.34.

About Blueprint Chesapeake Multi-Asset Trend ETF

The Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks capital growth and preservation through a dynamic allocation between derivatives linked to various asset classes and long-short equity positions. The actively managed fund utilizes a trend-following strategy called the Chesapeake Program. TFPN was launched on Jul 11, 2023 and is issued by Tidal.