Short Interest in T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Increases By 258.3%

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 14,817 shares, a growth of 258.3% from the April 30th total of 4,135 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 11,608 shares, the short-interest ratio is presently 1.3 days.

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

Shares of TAXE traded up $0.05 on Friday, hitting $51.11. 26,089 shares of the stock traded hands, compared to its average volume of 16,957. The stock’s 50 day moving average is $51.01 and its two-hundred day moving average is $51.27. T. Rowe Price Intermediate Municipal Income ETF has a 1 year low of $49.31 and a 1 year high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 28th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.1592 per share. This is an increase from T. Rowe Price Intermediate Municipal Income ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, May 26th.

Hedge Funds Weigh In On T. Rowe Price Intermediate Municipal Income ETF

Large investors have recently bought and sold shares of the stock. Magnolia Capital Advisors LLC purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the fourth quarter worth approximately $204,000. Kestra Advisory Services LLC purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the fourth quarter worth approximately $220,000. Envestnet Asset Management Inc. purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the third quarter worth approximately $231,000. Truist Financial Corp purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the third quarter worth approximately $231,000. Finally, Private Advisor Group LLC raised its stake in T. Rowe Price Intermediate Municipal Income ETF by 35.8% during the first quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock worth $413,000 after purchasing an additional 2,150 shares during the period.

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.