STF Tactical Growth ETF (NASDAQ:TUG) Sees Large Increase in Short Interest

STF Tactical Growth ETF (NASDAQ:TUG) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 2,700 shares, a growth of 2,600.0% from the December 15th total of 100 shares. Based on an average daily volume of 16,000 shares, the days-to-cover ratio is currently 0.2 days.

STF Tactical Growth ETF Stock Performance

Shares of TUG traded down $0.24 during mid-day trading on Monday, hitting $33.10. 7,878 shares of the company’s stock were exchanged, compared to its average volume of 14,655. The stock’s 50-day moving average is $34.91 and its 200-day moving average is $33.88. The company has a market cap of $188.67 million, a price-to-earnings ratio of 35.32 and a beta of -1.09. STF Tactical Growth ETF has a fifty-two week low of $29.00 and a fifty-two week high of $36.83.

STF Tactical Growth ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 26th were issued a $1.6048 dividend. The ex-dividend date was Thursday, December 26th.

About STF Tactical Growth ETF

The STF Tactical Growth ETF (TUG) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks long-term capital growth by allocating its exposure to US equity and fixed income securities based on proprietary signals. The fund is actively managed TUG was launched on May 19, 2022 and is managed by STF.