Texas Capital Government Money Market ETF (NYSE:MMKT) Short Interest Update

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

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 raised its stake in shares of Texas Capital Government Money Market ETF (NYSE:MMKT) by 74.9% during the 4th quarter, according to its most recent filing with the Securities and 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 approximately 1.54% of Texas Capital Government Money Market ETF worth $1,160,000 at the end of the most recent reporting period.

Texas Capital Government Money Market ETF Price Performance

MMKT stock remained flat at $100.21 during mid-day trading on Thursday. 3,054 shares of the company’s stock were exchanged, compared to its average volume of 9,825. The business has a 50 day moving average of $100.21 and a 200 day 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 was paid on Monday, September 21st. Investors of record on Friday, September 18th were issued a $0.0683 dividend. The ex-dividend date was Friday, September 18th. This is a positive change from Texas Capital Government Money Market ETF’s previous dividend of $0.0673. This represents a dividend yield of 355.0%.

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.