Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Stock Short Interest Drops 75.9%

Thornburg Multi Sector Bond ETF (NASDAQ:TMB) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 8,702 shares, a drop of 75.9% from the October 15th total of 36,056 shares. Based on an average daily volume of 169,967 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Thornburg Multi Sector Bond ETF Trading Down 0.0%

TMB traded down $0.01 during trading hours on Friday, hitting $24.76. The company’s stock had a trading volume of 2,655 shares, compared to its average volume of 88,927. The business’s 50-day moving average price is $24.85 and its 200-day moving average price is $25.32. Thornburg Multi Sector Bond ETF has a 12 month low of $24.42 and a 12 month high of $26.52.

Institutional Trading of Thornburg Multi Sector Bond ETF

A number of large investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its holdings in shares of Thornburg Multi Sector Bond ETF by 12.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,256,766 shares of the company’s stock valued at $30,883,000 after acquiring an additional 140,181 shares during the last quarter. Channel Wealth LLC increased its stake in Thornburg Multi Sector Bond ETF by 82.3% during the third quarter. Channel Wealth LLC now owns 18,858 shares of the company’s stock worth $463,000 after acquiring an additional 8,515 shares during the last quarter. D.B. Root & Company LLC increased its stake in Thornburg Multi Sector Bond ETF by 10.9% during the third quarter. D.B. Root & Company LLC now owns 202,758 shares of the company’s stock worth $4,982,000 after acquiring an additional 19,887 shares during the last quarter. Westside Investment Management Inc. raised its position in Thornburg Multi Sector Bond ETF by 9.6% during the third quarter. Westside Investment Management Inc. now owns 113,213 shares of the company’s stock valued at $2,782,000 after purchasing an additional 9,950 shares during the period. Finally, Peck Wealth Management LLC purchased a new stake in Thornburg Multi Sector Bond ETF during the third quarter valued at approximately $68,000.

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.