Bridges Capital Tactical ETF (NASDAQ:BDGS) Sees Significant Increase in Short Interest

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,700 shares, a growth of 440.0% from the February 28th total of 500 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridges Capital Tactical ETF stock. Worth Asset Management LLC purchased a new position in shares of Bridges Capital Tactical ETF (NASDAQ:BDGS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,471 shares of the company’s stock, valued at approximately $299,000. Worth Asset Management LLC owned about 0.98% of Bridges Capital Tactical ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Bridges Capital Tactical ETF Price Performance

Bridges Capital Tactical ETF stock opened at $31.33 on Friday. Bridges Capital Tactical ETF has a 12-month low of $27.33 and a 12-month high of $33.04. The company has a market capitalization of $31.33 million, a price-to-earnings ratio of 25.86 and a beta of 0.32. The firm’s fifty day moving average price is $31.90 and its 200 day moving average price is $31.50.

About Bridges Capital Tactical ETF

The Bridges Capital Tactical ETF (BDGS) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that allocates between passively managed US total market ETFs, large-cap US stocks, and cash or cash equivalents through a tactical strategy based on macroeconomic events, changing market breadth, and volatility.