Texas Capital Government Money Market ETF (NYSE:MMKT) Stock Short Interest Declines 98.0%

Texas Capital Government Money Market ETF (NYSE:MMKT – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 92 shares, a drop of 98.0% from the August 31st total of 4,496 shares. Based on an average trading volume of 4,791 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Texas Capital Government Money Market ETF Stock Performance

MMKT traded down $0.07 on Friday, reaching $100.14. 2,931 shares of the company traded hands, compared to its average volume of 9,786. The stock’s 50 day moving average price is $100.21 and its 200-day moving average price is $100.22. Texas Capital Government Money Market ETF has a 52-week low of $99.84 and a 52-week high of $100.32.

Texas Capital Government Money Market ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 25th will be paid a $0.0781 dividend. This represents a yield of 406.0%. This is an increase from Texas Capital Government Money Market ETF’s previous dividend of $0.0683. The ex-dividend date is Friday, September 25th.

Institutional Trading of Texas Capital Government Money Market ETF

A hedge fund recently raised its stake in Texas Capital Government Money Market ETF stock. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Texas Capital Government Money Market ETF (NYSE:MMKT – Free Report) by 74.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,578 shares of the company’s stock after purchasing an additional 4,957 shares during the period. Texas Capital Bank Wealth Management Services Inc owned 1.54% of Texas Capital Government Money Market ETF worth $1,160,000 as of its most recent SEC filing.

About Texas Capital Government Money Market ETF

(Get Free Report)

The Texas Capital Government Money Market ETF (MMKT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in US government money market instruments, particularly overnight repurchase agreements with short-term maturities. The fund aims to balance income, liquidity, and capital preservation. MMKT was launched on Sep 24, 2024 and is issued by Texas Capital.

Further Reading

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