Bridges Capital Tactical ETF (NASDAQ:BDGS) Sees Large Growth in Short Interest

Bridges Capital Tactical ETF (NASDAQ:BDGS) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 580 shares, an increase of 218.7% from the September 15th total of 182 shares. Based on an average daily trading volume, of 3,760 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Bridges Capital Tactical ETF Trading Down 0.2%

Shares of BDGS traded down $0.07 on Tuesday, reaching $37.94. 283 shares of the company’s stock were exchanged, compared to its average volume of 4,964. The business has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $36.55. Bridges Capital Tactical ETF has a 12 month low of $33.54 and a 12 month high of $38.44. The stock has a market capitalization of $42.49 million, a P/E ratio of 31.16 and a beta of 0.43.

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.