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

STF Tactical Growth & Income ETF (NASDAQ:TUGN) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 19,500 shares, an increase of 364.3% from the March 15th total of 4,200 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds 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 increased its holdings in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 66.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 526,877 shares of the company’s stock after acquiring an additional 210,300 shares during the period. STF Tactical Growth & Income ETF makes up approximately 7.8% of Q3 Asset Management’s portfolio, making the stock its 4th biggest holding. Q3 Asset Management owned 30.99% of STF Tactical Growth & Income ETF worth $12,623,000 as of its most recent SEC filing.

STF Tactical Growth & Income ETF Stock Up 1.0 %

Shares of NASDAQ:TUGN opened at $21.11 on Tuesday. STF Tactical Growth & Income ETF has a fifty-two week low of $18.60 and a fifty-two week high of $25.46. The firm’s 50-day simple moving average is $22.64 and its 200-day simple moving average is $23.53. The company has a market cap of $40.11 million, a price-to-earnings ratio of 30.36 and a beta of -0.85.

STF Tactical Growth & Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 26th were issued a $0.2257 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 12.83%. The ex-dividend date of this dividend was Wednesday, March 26th.

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.