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

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 28,001 shares, an increase of 204.0% from the July 15th total of 9,211 shares. Based on an average daily volume of 24,037 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the company’s stock are sold short.

STF Tactical Growth & Income ETF Trading Up 1.2%

Shares of TUGN traded up $0.33 during mid-day trading on Thursday, hitting $28.16. The company’s stock had a trading volume of 18,120 shares, compared to its average volume of 26,246. The company’s 50-day moving average is $27.62 and its 200-day moving average is $26.09. STF Tactical Growth & Income ETF has a 52-week low of $22.12 and a 52-week high of $29.08. The firm has a market capitalization of $83.64 million, a price-to-earnings ratio of 32.38 and a beta of 0.82.

STF Tactical Growth & Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Investors of record on Thursday, July 23rd were paid a $0.2765 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 11.8%.

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.