STF Tactical Growth & Income ETF (NASDAQ:TUGN) Sees Significant Decline in Short Interest

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,211 shares, a drop of 75.5% from the June 30th total of 37,619 shares. Based on an average daily trading volume, of 27,851 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

STF Tactical Growth & Income ETF Stock Down 0.1%

TUGN stock opened at $26.51 on Tuesday. The business’s 50-day moving average price is $27.83 and its 200-day moving average price is $25.93. The stock has a market cap of $77.41 million, a P/E ratio of 32.38 and a beta of 0.81. STF Tactical Growth & Income ETF has a twelve month low of $22.12 and a twelve month high of $29.08.

STF Tactical Growth & Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Thursday, July 23rd were issued a dividend of $0.2765 per share. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a c) annualized dividend and a yield of 12.5%.

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.