STF Tactical Growth & Income ETF (NASDAQ:TUGN) Sees Large Drop in Short Interest

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,006 shares, a drop of 70.0% from the May 31st total of 3,358 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 20,609 shares, the days-to-cover ratio is currently 0.0 days.

STF Tactical Growth & Income ETF Stock Performance

Shares of NASDAQ:TUGN traded down $0.17 during midday trading on Friday, hitting $27.37. 42,935 shares of the stock were exchanged, compared to its average volume of 26,296. The business’s 50-day moving average price is $27.36 and its 200 day moving average price is $25.63. The stock has a market capitalization of $82.11 million, a price-to-earnings ratio of 32.38 and a beta of 0.82. STF Tactical Growth & Income ETF has a 12 month low of $22.12 and a 12 month high of $29.08.

STF Tactical Growth & Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were given a $0.275 dividend. The ex-dividend date was Thursday, June 25th.

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. 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.