Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD) Sees Significant Decline in Short Interest

Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 12,348 shares, a decrease of 47.6% from the May 31st total of 23,567 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 16,857 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Timothy Plan High Dividend Stock ETF

Several institutional investors have recently added to or reduced their stakes in TPHD. Goldman Sachs Group Inc. acquired a new position in shares of Timothy Plan High Dividend Stock ETF during the first quarter valued at about $1,564,000. Jane Street Group LLC boosted its stake in Timothy Plan High Dividend Stock ETF by 4.5% in the 1st quarter. Jane Street Group LLC now owns 6,605 shares of the company’s stock worth $248,000 after purchasing an additional 285 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Timothy Plan High Dividend Stock ETF by 522.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,048 shares of the company’s stock worth $115,000 after purchasing an additional 2,558 shares during the last quarter. Raymond James Financial Inc. increased its stake in Timothy Plan High Dividend Stock ETF by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 59,904 shares of the company’s stock valued at $2,264,000 after purchasing an additional 481 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Timothy Plan High Dividend Stock ETF during the 3rd quarter valued at approximately $363,000.

Timothy Plan High Dividend Stock ETF Stock Performance

Shares of Timothy Plan High Dividend Stock ETF stock remained flat at $42.28 during trading on Wednesday. The stock had a trading volume of 16,693 shares, compared to its average volume of 24,806. Timothy Plan High Dividend Stock ETF has a 52-week low of $37.54 and a 52-week high of $43.28. The company has a fifty day moving average price of $41.75 and a 200-day moving average price of $41.17. The stock has a market capitalization of $357.27 million, a P/E ratio of 18.95 and a beta of 0.74.

Timothy Plan High Dividend Stock ETF Company Profile

The Timothy Plan High Dividend Stock ETF (TPHD) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a volatility-weighted index of US high dividend large-caps screened for Christian values. TPHD was launched on Apr 29, 2019 and is managed by Timothy.