STF Tactical Growth & Income ETF (NASDAQ:TUGN) Short Interest Up 364.3% in March

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the target of a significant 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. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 11,600 shares, the short-interest 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 raised its stake in 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 comprises about 7.8% of Q3 Asset Management’s investment portfolio, making the stock its 4th largest position. Q3 Asset Management owned 30.99% of STF Tactical Growth & Income ETF worth $12,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

STF Tactical Growth & Income ETF Price Performance

TUGN stock traded up $0.20 on Monday, reaching $21.11. 8,441 shares of the company were exchanged, compared to its average volume of 13,456. STF Tactical Growth & Income ETF has a 12 month low of $18.60 and a 12 month high of $25.46. The stock’s fifty day moving average price is $22.71 and its 200 day moving average price is $23.55. The firm has a market capitalization of $40.11 million, a PE ratio of 30.36 and a beta of -0.85.

STF Tactical Growth & Income ETF Cuts Dividend

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

STF Tactical Growth & Income ETF Company Profile

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.