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

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 17,500 shares, a growth of 86.2% from the August 31st total of 9,400 shares. Based on an average daily volume of 21,300 shares, the days-to-cover ratio is presently 0.8 days.

STF Tactical Growth & Income ETF Price Performance

TUGN traded down $0.04 during trading hours on Friday, reaching $23.16. 8,615 shares of the stock traded hands, compared to its average volume of 14,250. STF Tactical Growth & Income ETF has a fifty-two week low of $20.12 and a fifty-two week high of $25.46. The company has a market cap of $40.99 million, a price-to-earnings ratio of 30.60 and a beta of -0.85. The firm’s fifty day simple moving average is $22.81 and its two-hundred day simple moving average is $23.38.

STF Tactical Growth & Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.233 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.07%. This is a positive change from STF Tactical Growth & Income ETF’s previous monthly dividend of $0.23. The ex-dividend date of this dividend is Thursday, September 26th.

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.