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

Bridges Capital Tactical ETF (NASDAQ:BDGS) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 10,862 shares, a decrease of 12.9% from the January 15th total of 12,475 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,596 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 10,596 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s stock are sold short.

Bridges Capital Tactical ETF Stock Performance

NASDAQ BDGS opened at $34.28 on Tuesday. The stock has a market capitalization of $38.39 million, a price-to-earnings ratio of 31.16 and a beta of 0.42. The stock’s 50 day moving average price is $34.73 and its two-hundred day moving average price is $34.45. Bridges Capital Tactical ETF has a 52 week low of $29.12 and a 52 week high of $35.31.

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.