Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Short Interest Down 56.4% in August

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 7,399 shares, a decrease of 56.4% from the August 15th total of 16,977 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 2,807 shares, the days-to-cover ratio is currently 2.6 days.

Hedge Funds Weigh In On Texas Capital Texas Equity Index ETF

An institutional investor recently bought a new stake in Texas Capital Texas Equity Index ETF stock. Ameritas Advisory Services LLC purchased a new stake in shares of Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $40,000. Ameritas Advisory Services LLC owned 0.11% of Texas Capital Texas Equity Index ETF as of its most recent SEC filing.

Texas Capital Texas Equity Index ETF Stock Performance

Shares of NYSEARCA:TXS traded down $0.04 during midday trading on Tuesday, hitting $42.30. The company’s stock had a trading volume of 2,407 shares, compared to its average volume of 2,987. The stock’s 50 day simple moving average is $41.57 and its 200 day simple moving average is $39.92. The stock has a market capitalization of $38.92 million, a price-to-earnings ratio of 20.54 and a beta of 0.86. Texas Capital Texas Equity Index ETF has a fifty-two week low of $34.46 and a fifty-two week high of $42.79.

Texas Capital Texas Equity Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were given a dividend of $0.0873 per share. This is a boost from Texas Capital Texas Equity Index ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, June 26th. This represents a $0.35 annualized dividend and a dividend yield of 0.8%.

About Texas Capital Texas Equity Index ETF

The Texas Capital Texas Equity Index ETF (TXS) is an exchange-traded fund that is based on the Texas Capital Texas Equity index. The fund seeks to track a tier-weighted-equity index comprised of companies headquartered in Texas. The fund invests in various industries, sectors, and sizes TXS was launched on Jul 12, 2023 and is issued by Texas Capital.