Bridges Capital Tactical ETF (NASDAQ:BDGS) Short Interest Up 746.2% in June

Bridges Capital Tactical ETF (NASDAQ:BDGS) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 4,798 shares, an increase of 746.2% from the June 15th total of 567 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,872 shares, the short-interest ratio is currently 0.8 days.

Bridges Capital Tactical ETF Stock Performance

BDGS traded up $0.08 during midday trading on Friday, hitting $36.77. The company had a trading volume of 321 shares, compared to its average volume of 6,103. The company has a market capitalization of $45.23 million, a PE ratio of 31.16 and a beta of 0.44. Bridges Capital Tactical ETF has a twelve month low of $32.98 and a twelve month high of $36.96. The firm’s 50-day simple moving average is $36.47 and its 200-day simple moving average is $35.39.

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