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

Blueprint Chesapeake Multi-Asset Trend ETF (NYSEARCA:TFPN) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 33,989 shares, an increase of 308.2% from the January 15th total of 8,327 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 10,349 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 10,349 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.7% of the company’s shares are sold short.

Blueprint Chesapeake Multi-Asset Trend ETF Stock Down 0.1%

Shares of TFPN traded down $0.02 during mid-day trading on Wednesday, reaching $28.80. 2,107 shares of the stock traded hands, compared to its average volume of 6,830. Blueprint Chesapeake Multi-Asset Trend ETF has a 12-month low of $20.32 and a 12-month high of $28.99. The firm has a market cap of $143.16 million, a price-to-earnings ratio of 19.75 and a beta of 0.43. The stock has a fifty day simple moving average of $26.87 and a 200 day simple moving average of $25.31.

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.