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

Texas Capital Government Money Market ETF (NYSE:MMKT) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 92 shares, a decrease of 98.0% from the August 31st total of 4,496 shares. Based on an average daily volume of 4,791 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Texas Capital Government Money Market ETF Price Performance

Shares of NYSE MMKT traded down $0.07 during midday trading on Friday, reaching $100.14. 5,274 shares of the stock were exchanged, compared to its average volume of 9,800. The firm has a 50-day simple moving average of $100.21 and a two-hundred day simple moving average of $100.22. Texas Capital Government Money Market ETF has a twelve month low of $99.84 and a twelve month high of $100.32.

Texas Capital Government Money Market ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 25th will be issued a dividend of $0.0781 per share. This represents a yield of 406.0%. This is a boost from Texas Capital Government Money Market ETF’s previous dividend of $0.0683. The ex-dividend date of this dividend is Friday, September 25th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Texas Capital Government Money Market ETF stock. Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Texas Capital Government Money Market ETF (NYSE:MMKT) by 74.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,578 shares of the company’s stock after acquiring an additional 4,957 shares during the quarter. 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.

Texas Capital Government Money Market ETF Company Profile

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.