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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 22,942 shares, an increase of 87.9% from the July 30th total of 12,211 shares. Based on an average trading volume of 8,818 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of T. Rowe Price U.S. High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of THYF. Souders Financial Advisors raised its position in T. Rowe Price U.S. High Yield ETF by 4.3% in the 4th quarter. Souders Financial Advisors now owns 183,391 shares of the company’s stock worth $9,583,000 after purchasing an additional 7,552 shares during the last quarter. Kickstand Ventures LLC. bought a new position in T. Rowe Price U.S. High Yield ETF in the 2nd quarter valued at $7,075,000. Cetera Investment Advisers increased its stake in shares of T. Rowe Price U.S. High Yield ETF by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 75,255 shares of the company’s stock valued at $3,838,000 after buying an additional 4,142 shares during the period. Turner Financial Group Inc. acquired a new stake in shares of T. Rowe Price U.S. High Yield ETF in the 2nd quarter valued at $3,656,000. Finally, Intergy Private Wealth LLC raised its position in shares of T. Rowe Price U.S. High Yield ETF by 6.2% during the first quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,844 shares during the last quarter.

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

THYF opened at $51.29 on Tuesday. T. Rowe Price U.S. High Yield ETF has a 1-year low of $50.43 and a 1-year high of $52.98. The stock has a market capitalization of $846.28 million, a PE ratio of 20.41 and a beta of 0.35. The firm has a 50-day moving average price of $51.49 and a two-hundred day moving average price of $51.62.

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

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.