STF Tactical Growth & Income ETF (NASDAQ:TUGN) Short Interest Down 85.2% in February

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 6,400 shares, a drop of 85.2% from the February 13th total of 43,200 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On 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 shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 66.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526,877 shares of the company’s stock after buying an additional 210,300 shares during the period. STF Tactical Growth & Income ETF accounts for about 7.8% of Q3 Asset Management’s investment portfolio, making the stock its 4th biggest holding. Q3 Asset Management owned 30.99% of STF Tactical Growth & Income ETF worth $12,623,000 at the end of the most recent quarter.

STF Tactical Growth & Income ETF Stock Up 1.1 %

Shares of NASDAQ TUGN opened at $22.07 on Thursday. The firm’s 50-day moving average price is $24.08 and its two-hundred day moving average price is $23.76. 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 capitalization of $40.39 million, a P/E ratio of 30.74 and a beta of 0.61.

STF Tactical Growth & Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 26th were issued a $0.243 dividend. 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.