Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) Short Interest Down 87.2% in June

Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,084 shares, a decrease of 87.2% from the May 31st total of 24,126 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 28,260 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Thrivent Ultra Short Bond ETF in the 2nd quarter worth $27,000. LGT Financial Advisors LLC purchased a new stake in shares of Thrivent Ultra Short Bond ETF during the third quarter worth about $107,000. CWM LLC purchased a new stake in shares of Thrivent Ultra Short Bond ETF during the fourth quarter worth about $122,000. Susquehanna International Group LLP acquired a new position in shares of Thrivent Ultra Short Bond ETF during the 3rd quarter worth about $342,000. Finally, Modern Wealth Management LLC acquired a new position in shares of Thrivent Ultra Short Bond ETF during the 2nd quarter worth about $501,000.

Thrivent Ultra Short Bond ETF Stock Performance

TUSB stock traded up $0.05 during mid-day trading on Friday, reaching $50.52. 11,464 shares of the company’s stock were exchanged, compared to its average volume of 17,798. The stock’s 50 day moving average is $50.46 and its 200 day moving average is $50.45. Thrivent Ultra Short Bond ETF has a 12-month low of $50.05 and a 12-month high of $51.17.

Thrivent Ultra Short Bond ETF Company Profile

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.