Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Short Interest Up 120.5% in June

Thornburg Multi Sector Bond ETF (NASDAQ:TMB) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 54,220 shares, an increase of 120.5% from the May 31st total of 24,587 shares. Based on an average daily volume of 118,579 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.8% of the shares of the company are short sold.

Thornburg Multi Sector Bond ETF Price Performance

Shares of TMB opened at $25.48 on Tuesday. The company’s fifty day moving average is $25.46 and its two-hundred day moving average is $25.59. Thornburg Multi Sector Bond ETF has a 1 year low of $25.22 and a 1 year high of $26.52.

Thornburg Multi Sector Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th will be paid a $0.0889 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, June 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Empire Financial Management Company LLC raised its holdings in Thornburg Multi Sector Bond ETF by 1.4% during the first quarter. Empire Financial Management Company LLC now owns 56,218 shares of the company’s stock worth $1,434,000 after purchasing an additional 797 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in Thornburg Multi Sector Bond ETF in the 1st quarter valued at approximately $9,601,000. Flynn Zito Capital Management LLC purchased a new stake in Thornburg Multi Sector Bond ETF in the 1st quarter valued at approximately $4,243,000. Integrity Wealth Solutions LLC increased its position in Thornburg Multi Sector Bond ETF by 21.0% during the 1st quarter. Integrity Wealth Solutions LLC now owns 107,846 shares of the company’s stock worth $2,751,000 after purchasing an additional 18,687 shares during the period. Finally, Clay Northam Wealth Management LLC increased its position in Thornburg Multi Sector Bond ETF by 14.8% during the 1st quarter. Clay Northam Wealth Management LLC now owns 63,300 shares of the company’s stock worth $1,615,000 after purchasing an additional 8,150 shares during the period.

About Thornburg Multi Sector Bond ETF

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.