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

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant drop in short interest in 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 days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

STF Tactical Growth & Income ETF Price Performance

Shares of STF Tactical Growth & Income ETF stock opened at $21.63 on Friday. The firm’s 50-day moving average is $24.04 and its 200 day moving average is $23.74. The stock has a market cap of $39.58 million, a price-to-earnings ratio of 30.74 and a beta of 0.61. STF Tactical Growth & Income ETF has a 1 year low of $21.55 and a 1 year high of $25.46.

STF Tactical Growth & Income ETF Cuts Dividend

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

Institutional Trading of STF Tactical Growth & Income ETF

A hedge fund recently raised its stake in STF Tactical Growth & Income ETF stock. Q3 Asset Management increased 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 (SEC). The institutional investor owned 526,877 shares of the company’s stock after purchasing an additional 210,300 shares during the quarter. STF Tactical Growth & Income ETF accounts for 7.8% of Q3 Asset Management’s 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 as of its most recent SEC filing.

About STF Tactical Growth & Income ETF

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.