Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) Sees Significant Drop in Short Interest

Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 5,737 shares, a decrease of 98.8% from the June 15th total of 478,798 shares. Based on an average daily volume of 9,349 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Blueprint Chesapeake Multi-Asset Trend ETF Trading Up 0.7%

Shares of TFPN traded up $0.22 during trading hours on Friday, hitting $30.55. 63,769 shares of the stock traded hands, compared to its average volume of 9,175. The business has a fifty day moving average of $31.54 and a 200-day moving average of $29.40. The firm has a market capitalization of $164.97 million, a PE ratio of 19.75 and a beta of 0.57. Blueprint Chesapeake Multi-Asset Trend ETF has a 1-year low of $22.78 and a 1-year high of $33.34.

About Blueprint Chesapeake Multi-Asset Trend ETF

The Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks capital growth and preservation through a dynamic allocation between derivatives linked to various asset classes and long-short equity positions. The actively managed fund utilizes a trend-following strategy called the Chesapeake Program. TFPN was launched on Jul 11, 2023 and is issued by Tidal.