Bridges Capital Tactical ETF (NASDAQ:BDGS) Short Interest Down 18.0% in January

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 12,475 shares, a drop of 18.0% from the December 31st total of 15,221 shares. Based on an average daily volume of 4,525 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.1% of the shares of the stock are short sold. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 4,525 shares, the days-to-cover ratio is presently 2.8 days.

Bridges Capital Tactical ETF Stock Performance

Shares of BDGS traded down $0.01 during mid-day trading on Tuesday, hitting $34.83. 150 shares of the company were exchanged, compared to its average volume of 8,516. The stock has a market cap of $39.00 million, a price-to-earnings ratio of 31.16 and a beta of 0.42. Bridges Capital Tactical ETF has a 1-year low of $29.12 and a 1-year high of $35.31. The company has a 50 day moving average of $34.79 and a 200-day moving average of $34.36.

Bridges Capital Tactical ETF Company Profile

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. BDGS was launched on May 11, 2023 and is managed by Bridges.