Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) Sees Significant Decrease in Short Interest

Texas Capital Texas Equity Index ETF (NYSEARCA:TXS) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,399 shares, a drop of 56.4% from the August 15th total of 16,977 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 2,807 shares, the days-to-cover ratio is presently 2.6 days.

Texas Capital Texas Equity Index ETF Trading Down 0.1%

Texas Capital Texas Equity Index ETF stock traded down $0.04 during mid-day trading on Wednesday, reaching $42.23. The company had a trading volume of 1,793 shares, compared to its average volume of 2,981. The business has a fifty day simple moving average of $41.60 and a 200 day simple moving average of $39.95. The company has a market cap of $42.18 million, a P/E 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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were given a $0.0873 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Investors Weigh In On Texas Capital Texas Equity Index ETF

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

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.