Texas Capital Government Money Market ETF (NYSE:MMKT) Sees Large Increase in Short Interest

Texas Capital Government Money Market ETF (NYSE:MMKT) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 182 shares, a growth of 97.8% from the September 15th total of 92 shares. Based on an average daily volume of 5,733 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Texas Capital Government Money Market ETF

A hedge fund recently bought a new position in Texas Capital Government Money Market ETF stock. Fig Financial Advisory Services Inc. ADV bought a new stake in shares of Texas Capital Government Money Market ETF (NYSE:MMKT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,009 shares of the company’s stock, valued at approximately $201,000. Fig Financial Advisory Services Inc. ADV owned 0.30% of Texas Capital Government Money Market ETF as of its most recent SEC filing.

Texas Capital Government Money Market ETF Stock Up 0.0%

NYSE:MMKT traded up $0.01 during trading hours on Wednesday, hitting $100.19. 4,207 shares of the company’s stock traded hands, compared to its average volume of 9,560. The stock’s fifty day moving average price is $100.20 and its two-hundred day moving average price is $100.21. 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 13th. Shareholders of record on Friday, October 9th were paid a dividend of $0.0701 per share. This is a drop from Texas Capital Government Money Market ETF’s previous dividend of $0.0732. The ex-dividend date of this dividend was Friday, October 9th. This represents a yield of 364.0%.

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.