Bridges Capital Tactical ETF (NASDAQ:BDGS) Sees Significant Drop in Short Interest

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 500 shares, a drop of 85.3% from the February 13th total of 3,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Bridges Capital Tactical ETF

A hedge fund recently bought a new stake in Bridges Capital Tactical ETF stock. Worth Asset Management LLC acquired a new stake in Bridges Capital Tactical ETF (NASDAQ:BDGS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,471 shares of the company’s stock, valued at approximately $299,000. Worth Asset Management LLC owned 0.98% of Bridges Capital Tactical ETF at the end of the most recent quarter.

Bridges Capital Tactical ETF Price Performance

Shares of BDGS opened at $30.67 on Friday. The company has a market capitalization of $30.67 million, a PE ratio of 32.43 and a beta of 0.32. Bridges Capital Tactical ETF has a one year low of $27.33 and a one year high of $33.04. The company’s fifty day moving average price is $31.97 and its 200 day moving average price is $31.43.

Bridges Capital Tactical ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were paid a dividend of $0.5708 per share. This is an increase from Bridges Capital Tactical ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 30th.

About Bridges Capital Tactical ETF

The Bridges Capital Tactical ETF (BDGS) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that allocates between passively managed US total market ETFs, large-cap US stocks, and cash or cash equivalents through a tactical strategy based on macroeconomic events, changing market breadth, and volatility.