T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Sees Large Decrease in Short Interest

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYFGet Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 4,575 shares, a drop of 27.1% from the December 15th total of 6,274 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,968 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 6,968 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

T. Rowe Price U.S. High Yield ETF Stock Up 0.1%

NYSEARCA:THYF traded up $0.04 on Monday, reaching $52.60. The stock had a trading volume of 8,061 shares, compared to its average volume of 7,478. The company has a market capitalization of $796.89 million, a P/E ratio of 20.41 and a beta of 0.40. T. Rowe Price U.S. High Yield ETF has a 1-year low of $49.03 and a 1-year high of $52.98. The stock has a fifty day moving average price of $52.28 and a 200-day moving average price of $52.34.

T. Rowe Price U.S. High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 24th were given a dividend of $0.3038 per share. The ex-dividend date was Monday, November 24th. This represents a c) annualized dividend and a yield of 6.9%.

Hedge Funds Weigh In On T. Rowe Price U.S. High Yield ETF

A number of institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc raised its position in T. Rowe Price U.S. High Yield ETF by 3.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 14,813 shares of the company’s stock worth $777,000 after purchasing an additional 518 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of T. Rowe Price U.S. High Yield ETF during the first quarter worth $28,000. Intergy Private Wealth LLC boosted its holdings in T. Rowe Price U.S. High Yield ETF by 2.7% in the third quarter. Intergy Private Wealth LLC now owns 29,979 shares of the company’s stock valued at $1,572,000 after acquiring an additional 786 shares during the last quarter. Strategic Financial Concepts LLC increased its position in T. Rowe Price U.S. High Yield ETF by 1.4% in the second quarter. Strategic Financial Concepts LLC now owns 80,487 shares of the company’s stock worth $4,207,000 after purchasing an additional 1,086 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in T. Rowe Price U.S. High Yield ETF by 16.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock worth $585,000 after purchasing an additional 1,556 shares during the last quarter.

About T. Rowe Price U.S. High Yield ETF

(Get Free Report)

The T. Rowe Price U.S. High Yield ETF (THYF) is an exchange-traded fund. The ETF currently has 21.58m in AUM and 110 holdings. THYF is actively managed to hold a broad portfolio of US high-yield corporate bonds of any maturity. THYF was launched on Oct 25, 2022 and is managed by T. Rowe Price.

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