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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a large increase in short interest in 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 daily volume of 8,818 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.1% of the shares of the company are sold short.

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

NYSEARCA:THYF traded up $0.04 during mid-day trading on Monday, hitting $51.29. 13,650 shares of the company traded hands, compared to its average volume of 18,243. The stock’s fifty day moving average price is $51.50 and its 200-day moving average price is $51.63. The firm has a market cap of $846.28 million, a price-to-earnings ratio of 20.41 and a beta of 0.35. T. Rowe Price U.S. High Yield ETF has a one year low of $50.43 and a one year high of $52.98.

Institutional Investors Weigh In On T. Rowe Price U.S. High Yield ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in T. Rowe Price U.S. High Yield ETF during the 1st quarter worth approximately $28,000. Regal Investment Advisors LLC bought a new position in shares of T. Rowe Price U.S. High Yield ETF in the fourth quarter worth approximately $293,000. Tactive Advisors LLC increased its stake in shares of T. Rowe Price U.S. High Yield ETF by 10.2% in the second quarter. Tactive Advisors LLC now owns 8,028 shares of the company’s stock worth $414,000 after purchasing an additional 743 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 valued at $585,000 after purchasing an additional 1,556 shares during the period. Finally, Vines Capital Management LLC bought a new stake in shares of T. Rowe Price U.S. High Yield ETF during the 4th quarter valued at $712,000.

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.