STF Tactical Growth & Income ETF (NASDAQ:TUGN) Sees Significant Increase in Short Interest

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 28,001 shares, an increase of 204.0% from the July 15th total of 9,211 shares. Based on an average daily trading volume, of 24,037 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.9% of the shares of the stock are short sold.

STF Tactical Growth & Income ETF Stock Performance

Shares of STF Tactical Growth & Income ETF stock traded up $0.01 on Friday, reaching $28.17. 39,466 shares of the stock were exchanged, compared to its average volume of 26,333. The firm has a market cap of $83.66 million, a PE ratio of 32.38 and a beta of 0.82. The firm’s 50 day moving average is $27.63 and its 200-day moving average is $26.12. STF Tactical Growth & Income ETF has a one year low of $22.12 and a one year high of $29.08.

STF Tactical Growth & Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.2765 per share. The ex-dividend date was Thursday, July 23rd. This represents a c) annualized dividend and a yield of 11.8%.

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. The fund employs an option spread strategy to potentially increase the funds returns TUGN was launched on May 19, 2022 and is managed by STF.