Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) Short Interest Up 235.0% in May

Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 24,126 shares, a growth of 235.0% from the May 14th total of 7,202 shares. Based on an average daily volume of 14,123 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Thrivent Ultra Short Bond ETF

Large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in Thrivent Ultra Short Bond ETF by 7,975.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 878,342 shares of the company’s stock worth $44,224,000 after purchasing an additional 867,465 shares during the last quarter. Citadel Advisors LLC lifted its stake in Thrivent Ultra Short Bond ETF by 274.3% during the third quarter. Citadel Advisors LLC now owns 30,676 shares of the company’s stock worth $1,546,000 after purchasing an additional 22,481 shares during the last quarter. Jane Street Group LLC bought a new position in Thrivent Ultra Short Bond ETF during the fourth quarter worth $1,247,000. LPL Financial LLC lifted its stake in Thrivent Ultra Short Bond ETF by 131.8% during the fourth quarter. LPL Financial LLC now owns 15,907 shares of the company’s stock worth $801,000 after purchasing an additional 9,046 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new position in Thrivent Ultra Short Bond ETF during the second quarter worth $501,000.

Thrivent Ultra Short Bond ETF Stock Performance

TUSB traded up $0.03 during trading hours on Thursday, hitting $50.50. 46,233 shares of the stock were exchanged, compared to its average volume of 17,579. The stock has a 50-day simple moving average of $50.44 and a 200-day simple moving average of $50.44. Thrivent Ultra Short Bond ETF has a 12 month low of $50.05 and a 12 month high of $51.17.

Thrivent Ultra Short Bond ETF Company Profile

The Thrivent Ultra Short Bond ETF (TUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of debt securities with exposure to the US fixed income market. It holds various investment-grade debt investments while maintaining an average effective maturity of two years or less. TUSB was launched on Feb 19, 2025 and is issued by Thrivent.