T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Shares Shorted: Short Interest Up 644.8% in October

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 144,151 shares, an increase of 644.8% from the October 15th total of 19,355 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 144,954 shares, the short-interest ratio is presently 1.0 days.

T. Rowe Price Intermediate Municipal Income ETF Price Performance

TAXE traded down $0.16 during midday trading on Thursday, hitting $50.12. 128,379 shares of the company were exchanged, compared to its average volume of 53,323. T. Rowe Price Intermediate Municipal Income ETF has a 1-year low of $48.04 and a 1-year high of $52.03. The company’s 50 day simple moving average is $49.38 and its 200 day simple moving average is $50.68.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 29th. Shareholders of record on Tuesday, October 27th were issued a $0.1448 dividend. The ex-dividend date of this dividend was Tuesday, October 27th. This is a drop from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1555. This represents a $1.74 dividend on an annualized basis and a yield of 3.5%.

Institutional Investors Weigh In On T. Rowe Price Intermediate Municipal Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter valued at $7,919,000. Flagship Harbor Advisors LLC acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the third quarter worth about $2,236,000. Cetera Investment Advisers acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the first quarter worth about $2,279,000. Benjamin Edwards Inc. purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter worth about $1,793,000. Finally, Landmark Wealth Management LLC boosted its stake in shares of T. Rowe Price Intermediate Municipal Income ETF by 575.5% during the 3rd quarter. Landmark Wealth Management LLC now owns 33,162 shares of the company’s stock worth $1,606,000 after acquiring an additional 28,253 shares in the last quarter.

T. Rowe Price Intermediate Municipal Income ETF Company Profile

The T. Rowe Price Intermediate Municipal Income ETF (TAXE) is an exchange-traded fund. The ETF currently has 26.49m in AUM and 102 holdings. TAXE is actively managed, seeking the highest level of income by targeting municipal securities that are exempt from federal income taxes TAXE was launched on Jul 9, 2024 and is issued by T. Rowe Price.