STF Tactical Growth & Income ETF (NASDAQ:TUGN) Sees Significant Decrease in Short Interest

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 6,000 shares, a drop 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 grew its holdings in STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 66.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 526,877 shares of the company’s stock after purchasing an additional 210,300 shares during the period. STF Tactical Growth & Income ETF makes up 7.8% of Q3 Asset Management’s investment portfolio, making the stock its 4th largest 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 0.9 %

TUGN traded up $0.22 during trading on Thursday, reaching $24.88. The company had a trading volume of 5,351 shares, compared to its average volume of 8,844. 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 $43.05 million, a P/E ratio of 30.60 and a beta of -0.85. The business has a 50 day simple moving average of $24.45 and a 200-day simple moving average of $23.62.

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 paid 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.