Short Interest in STF Tactical Growth & Income ETF (NASDAQ:TUGN) Rises By 77.0%

STF Tactical Growth & Income ETF (NASDAQ:TUGN) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 49,570 shares, a growth of 77.0% from the July 30th total of 28,001 shares. Based on an average daily volume of 24,001 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.7% of the company’s shares are sold short.

STF Tactical Growth & Income ETF Trading Down 0.4%

STF Tactical Growth & Income ETF stock opened at $27.32 on Monday. The company has a 50-day moving average price of $27.55 and a 200 day moving average price of $26.30. STF Tactical Growth & Income ETF has a 12-month low of $22.12 and a 12-month high of $29.08. The stock has a market cap of $81.14 million, a P/E ratio of 32.38 and a beta of 0.82.

STF Tactical Growth & Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 24th. Stockholders 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) annualized dividend and a dividend yield of 12.1%.

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.