Short Interest in Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Rises By 611.9%

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 22,830 shares, an increase of 611.9% from the June 30th total of 3,207 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 5,467 shares, the days-to-cover ratio is presently 4.2 days.

Texas Capital Texas Equity Index ETF Stock Performance

Shares of TXS traded up $0.54 during mid-day trading on Friday, hitting $40.71. 889 shares of the company’s stock were exchanged, compared to its average volume of 2,970. The company has a market cap of $37.45 million, a price-to-earnings ratio of 20.54 and a beta of 0.87. Texas Capital Texas Equity Index ETF has a fifty-two week low of $34.13 and a fifty-two week high of $41.19. The stock’s 50-day moving average is $40.04 and its 200-day moving average is $38.79.

Institutional Investors Weigh In On Texas Capital Texas Equity Index ETF

A hedge fund recently bought a new position in Texas Capital Texas Equity Index ETF stock. Optima Capital LLC purchased a new stake in Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,034 shares of the company’s stock, valued at approximately $37,000. Optima Capital LLC owned approximately 0.12% of Texas Capital Texas Equity Index ETF at the end of the most recent reporting period.

About Texas Capital Texas Equity Index ETF

The Texas Capital Texas Equity Index ETF (TXS) is an exchange-traded fund that is based on the Texas Capital Texas Equity index. The fund seeks to track a tier-weighted-equity index comprised of companies headquartered in Texas. The fund invests in various industries, sectors, and sizes TXS was launched on Jul 12, 2023 and is issued by Texas Capital.