Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) Sees Significant Growth in Short Interest

Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 22,840 shares, an increase of 1,591.9% from the July 30th total of 1,350 shares. Based on an average trading volume of 7,071 shares, the short-interest ratio is currently 3.2 days. Approximately 0.4% of the company’s shares are short sold.

Blueprint Chesapeake Multi-Asset Trend ETF Stock Performance

Shares of Blueprint Chesapeake Multi-Asset Trend ETF stock traded down $0.02 on Tuesday, reaching $29.85. The company had a trading volume of 22,652 shares, compared to its average volume of 9,880. The firm’s 50 day moving average price is $30.41 and its two-hundred day moving average price is $30.02. Blueprint Chesapeake Multi-Asset Trend ETF has a 52-week low of $23.44 and a 52-week high of $33.34. The firm has a market cap of $159.70 million, a PE ratio of 19.75 and a beta of 0.59.

About Blueprint Chesapeake Multi-Asset Trend ETF

The Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks capital growth and preservation through a dynamic allocation between derivatives linked to various asset classes and long-short equity positions. The actively managed fund utilizes a trend-following strategy called the Chesapeake Program. TFPN was launched on Jul 11, 2023 and is issued by Tidal.