Short Interest in Thornburg Core Plus Bond ETF (NASDAQ:TPLS) Declines By 54.9%

Thornburg Core Plus Bond ETF (NASDAQ:TPLS) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,406 shares, a decline of 54.9% from the May 14th total of 3,118 shares. Based on an average daily volume of 1,302 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

Thornburg Core Plus Bond ETF Stock Performance

NASDAQ TPLS traded down $0.02 on Friday, reaching $25.16. The stock had a trading volume of 473 shares, compared to its average volume of 3,778. The business has a 50 day moving average price of $25.17 and a 200 day moving average price of $25.43. Thornburg Core Plus Bond ETF has a 1 year low of $24.82 and a 1 year high of $26.00.

Thornburg Core Plus Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were paid a $0.0995 dividend. This is an increase from Thornburg Core Plus Bond ETF’s previous dividend of $0.09. The ex-dividend date was Thursday, May 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TPLS. Jane Street Group LLC purchased a new position in Thornburg Core Plus Bond ETF in the first quarter valued at about $253,000. Cornerstone Wealth Group LLC grew its stake in Thornburg Core Plus Bond ETF by 24.9% in the fourth quarter. Cornerstone Wealth Group LLC now owns 164,034 shares of the company’s stock valued at $4,176,000 after purchasing an additional 32,668 shares in the last quarter. Finally, Integrity Wealth Solutions LLC grew its stake in Thornburg Core Plus Bond ETF by 30.6% in the first quarter. Integrity Wealth Solutions LLC now owns 15,903 shares of the company’s stock valued at $401,000 after purchasing an additional 3,726 shares in the last quarter.

About Thornburg Core Plus Bond ETF

The Thornburg Core Plus Bond ETF (TPLS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns through investments in the broad US fixed-income market. Securities can be of any credit quality and maturity. TPLS was launched on Feb 5, 2025 and is issued by Thornburg.