Short Interest in Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Drops By 70.8%

Thornburg Multi Sector Bond ETF (NASDAQ:TMB) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 15,843 shares, a decline of 70.8% from the June 15th total of 54,220 shares. Based on an average daily volume of 92,911 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of Thornburg Multi Sector Bond ETF

A number of large investors have recently made changes to their positions in TMB. Kestra Advisory Services LLC bought a new position in shares of Thornburg Multi Sector Bond ETF in the 4th quarter valued at about $35,000. Sound Income Strategies LLC bought a new stake in Thornburg Multi Sector Bond ETF during the first quarter worth approximately $70,000. Sunbelt Securities Inc. bought a new stake in Thornburg Multi Sector Bond ETF during the third quarter worth approximately $169,000. Jane Street Group LLC purchased a new stake in Thornburg Multi Sector Bond ETF during the first quarter valued at approximately $230,000. Finally, IFP Advisors Inc raised its position in Thornburg Multi Sector Bond ETF by 22.7% during the third quarter. IFP Advisors Inc now owns 9,397 shares of the company’s stock valued at $241,000 after purchasing an additional 1,738 shares during the period.

Thornburg Multi Sector Bond ETF Stock Performance

Shares of NASDAQ:TMB remained flat at $25.35 during mid-day trading on Friday. The company had a trading volume of 26,888 shares, compared to its average volume of 72,664. The business has a 50-day moving average of $25.42 and a 200 day moving average of $25.57. Thornburg Multi Sector Bond ETF has a 12 month low of $25.22 and a 12 month high of $26.52.

Thornburg Multi Sector Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.0889 per share. The ex-dividend date was Monday, June 29th. This represents a c) annualized dividend and a yield of 4.2%.

Thornburg Multi Sector Bond ETF Company Profile

The Thornburg Multi Sector Bond ETF (TMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns b through investments in the broad fixed-income market. Securities may be of any credit quality and maturity from around the globe TMB was launched on Feb 5, 2025 and is issued by Thornburg.