Short Interest in Bridges Capital Tactical ETF (NASDAQ:BDGS) Declines By 58.6%

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,600 shares, a decrease of 58.6% from the January 15th total of 8,700 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Bridges Capital Tactical ETF

An institutional investor recently bought a new position in Bridges Capital Tactical ETF stock. Worth Asset Management LLC acquired a new stake in Bridges Capital Tactical ETF (NASDAQ:BDGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,471 shares of the company’s stock, valued at approximately $299,000. Worth Asset Management LLC owned 0.98% of Bridges Capital Tactical ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Bridges Capital Tactical ETF Stock Performance

Shares of Bridges Capital Tactical ETF stock traded up $0.04 during midday trading on Thursday, hitting $32.35. The company had a trading volume of 6,673 shares, compared to its average volume of 11,624. The company has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $31.13. Bridges Capital Tactical ETF has a 12-month low of $27.23 and a 12-month high of $33.04.

Bridges Capital Tactical ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were given a $0.5708 dividend. This is an increase from Bridges Capital Tactical ETF’s previous dividend of $0.23. The ex-dividend date was Monday, December 30th.

About Bridges Capital Tactical ETF

The Bridges Capital Tactical ETF (BDGS) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that allocates between passively managed US total market ETFs, large-cap US stocks, and cash or cash equivalents through a tactical strategy based on macroeconomic events, changing market breadth, and volatility.