Bridges Capital Tactical ETF (NASDAQ:BDGS) Short Interest Up 711.3% in May

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,809 shares, an increase of 711.3% from the May 14th total of 716 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 7,815 shares, the short-interest ratio is currently 0.7 days.

Bridges Capital Tactical ETF Trading Down 0.3%

Shares of BDGS opened at $36.27 on Wednesday. The company has a market cap of $42.44 million, a price-to-earnings ratio of 31.16 and a beta of 0.43. Bridges Capital Tactical ETF has a 1-year low of $32.32 and a 1-year high of $36.96. The company’s fifty day simple moving average is $35.99 and its 200 day simple moving average is $35.12.

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. BDGS was launched on May 11, 2023 and is managed by Bridges.