STF Tactical Growth & Income ETF (NASDAQ:TUGN) Short Interest Down 71.3% in May

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,871 shares, a decline of 71.3% from the April 30th total of 27,450 shares. Based on an average daily volume of 62,536 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

STF Tactical Growth & Income ETF Price Performance

Shares of TUGN stock traded up $0.13 during trading hours on Friday, hitting $28.54. The stock had a trading volume of 14,512 shares, compared to its average volume of 26,786. STF Tactical Growth & Income ETF has a one year low of $22.12 and a one year high of $28.62. The stock’s 50-day moving average price is $25.60 and its two-hundred day moving average price is $25.31. The stock has a market capitalization of $85.62 million, a price-to-earnings ratio of 32.38 and a beta of 0.79.

STF Tactical Growth & Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 22nd. Stockholders of record on Thursday, May 21st were issued a $0.276 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

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.