STF Tactical Growth & Income ETF (NASDAQ:TUGN) Short Interest Update

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

STF Tactical Growth & Income ETF Price Performance

STF Tactical Growth & Income ETF stock traded up $0.22 during trading hours on Wednesday, hitting $22.05. The stock had a trading volume of 7,219 shares, compared to its average volume of 13,203. STF Tactical Growth & Income ETF has a 1-year low of $21.55 and a 1-year high of $25.46. The stock has a market capitalization of $38.14 million, a price-to-earnings ratio of 34.82 and a beta of -0.85. The stock’s fifty day moving average is $24.12 and its two-hundred day moving average is $23.76.

STF Tactical Growth & Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 26th were given a $0.243 dividend. The ex-dividend date was Wednesday, February 26th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in STF Tactical Growth & Income ETF stock. Q3 Asset Management grew its stake in STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 66.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 526,877 shares of the company’s stock after acquiring an additional 210,300 shares during the quarter. STF Tactical Growth & Income ETF comprises approximately 7.8% of Q3 Asset Management’s portfolio, making the stock its 4th biggest holding. Q3 Asset Management owned approximately 30.99% of STF Tactical Growth & Income ETF worth $12,623,000 as of its most recent filing with the Securities & Exchange Commission.

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.