Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) Short Interest Up 235.0% in May

Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 24,126 shares, an increase of 235.0% from the May 14th total of 7,202 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 14,123 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On Thrivent Ultra Short Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Thrivent Ultra Short Bond ETF in the 2nd quarter worth approximately $27,000. LGT Financial Advisors LLC purchased a new position in shares of Thrivent Ultra Short Bond ETF during the 3rd quarter valued at approximately $107,000. CWM LLC purchased a new position in shares of Thrivent Ultra Short Bond ETF during the 4th quarter valued at approximately $122,000. Susquehanna International Group LLP purchased a new position in shares of Thrivent Ultra Short Bond ETF during the 3rd quarter valued at approximately $342,000. Finally, Modern Wealth Management LLC purchased a new position in shares of Thrivent Ultra Short Bond ETF during the 2nd quarter valued at approximately $501,000.

Thrivent Ultra Short Bond ETF Stock Up 0.1%

NYSEARCA TUSB traded up $0.03 on Thursday, reaching $50.50. The company had a trading volume of 46,233 shares, compared to its average volume of 17,579. Thrivent Ultra Short Bond ETF has a 1 year low of $50.05 and a 1 year high of $51.17. The firm has a 50-day moving average of $50.44 and a 200-day moving average of $50.44.

About Thrivent Ultra Short Bond ETF

The Thrivent Ultra Short Bond ETF (TUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of debt securities with exposure to the US fixed income market. It holds various investment-grade debt investments while maintaining an average effective maturity of two years or less. TUSB was launched on Feb 19, 2025 and is issued by Thrivent.