Short Interest in STF Tactical Growth & Income ETF (NASDAQ:TUGN) Drops By 72.2%

STF Tactical Growth & Income ETF (NASDAQ:TUGN) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 6,000 shares, a decline of 72.2% from the January 15th total of 21,600 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 0.6 days.

STF Tactical Growth & Income ETF Stock Performance

STF Tactical Growth & Income ETF stock traded down $0.03 during mid-day trading on Wednesday, reaching $24.61. 59,920 shares of the company were exchanged, compared to its average volume of 8,957. The firm has a market cap of $42.58 million, a P/E ratio of 30.60 and a beta of -0.85. The business has a fifty day moving average of $24.45 and a 200 day moving average of $23.61. STF Tactical Growth & Income ETF has a 12-month low of $21.55 and a 12-month high of $25.46.

STF Tactical Growth & Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 22nd were issued a $0.2447 dividend. The ex-dividend date was Wednesday, January 22nd.

Institutional Investors Weigh In On STF Tactical Growth & Income ETF

A hedge fund recently raised its stake in STF Tactical Growth & Income ETF stock. Q3 Asset Management raised 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 disclosure with the Securities and 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 accounts for approximately 7.8% of Q3 Asset Management’s investment portfolio, making the stock its 4th biggest holding. Q3 Asset Management owned about 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 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.