Short Interest in Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD) Drops By 47.6%

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Park National Corp OH bought a new stake in Timothy Plan High Dividend Stock ETF during the 1st quarter worth approximately $28,000. SHP Wealth Management bought a new position in shares of Timothy Plan High Dividend Stock ETF during the fourth quarter valued at $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Timothy Plan High Dividend Stock ETF by 522.0% during the second 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 period. Winnow Wealth LLC bought a new stake in shares of Timothy Plan High Dividend Stock ETF in the fourth quarter worth $128,000. Finally, N.E.W. Advisory Services LLC increased its holdings in Timothy Plan High Dividend Stock ETF by 1,871.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 3,469 shares of the company’s stock valued at $134,000 after purchasing an additional 3,293 shares during the period.

Timothy Plan High Dividend Stock ETF Price Performance

TPHD traded up $0.52 on Thursday, hitting $42.83. 18,013 shares of the stock were exchanged, compared to its average volume of 24,751. The firm has a market capitalization of $355.49 million, a price-to-earnings ratio of 18.95 and a beta of 0.74. Timothy Plan High Dividend Stock ETF has a 12 month low of $37.54 and a 12 month high of $43.28. The business has a 50-day moving average of $41.78 and a two-hundred day moving average of $41.22.

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.