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

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 567 shares, a decrease of 90.2% from the May 31st total of 5,809 shares. Based on an average trading volume of 2,402 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Bridges Capital Tactical ETF Price Performance

NASDAQ BDGS opened at $36.06 on Friday. The stock’s 50 day simple moving average is $36.38 and its 200-day simple moving average is $35.27. The company has a market cap of $42.19 million, a PE ratio of 31.16 and a beta of 0.43. Bridges Capital Tactical ETF has a 1-year low of $32.73 and a 1-year high of $36.96.

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.