STF Tactical Growth & Income ETF (NASDAQ:TUGN) Short Interest Up 620.0% in February

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 43,200 shares, a growth of 620.0% from the January 31st total of 6,000 shares. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is presently 4.6 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 raised its position 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 & Exchange Commission. The institutional investor owned 526,877 shares of the company’s stock after purchasing an additional 210,300 shares during the period. STF Tactical Growth & Income ETF comprises 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 Price Performance

Shares of TUGN opened at $23.14 on Friday. The stock has a market capitalization of $40.03 million, a price-to-earnings ratio of 34.82 and a beta of -0.85. STF Tactical Growth & Income ETF has a 1 year low of $21.55 and a 1 year high of $25.46. The business’s 50 day simple moving average is $24.41 and its 200-day simple moving average is $23.76.

STF Tactical Growth & Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.243 per share. The ex-dividend date of this dividend was Wednesday, February 26th.

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.