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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 20,056 shares, a growth of 201.3% from the September 30th total of 6,656 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 21,768 shares, the days-to-cover ratio is currently 0.9 days.

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

THYF opened at $49.89 on Friday. The company has a market capitalization of $830.67 million, a P/E ratio of 20.41 and a beta of 0.36. The firm’s fifty day moving average price is $50.44 and its two-hundred day moving average price is $51.41. T. Rowe Price U.S. High Yield ETF has a fifty-two week low of $49.50 and a fifty-two week high of $52.72.

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

Several institutional investors have recently made changes to their positions in the business. Kickstand Ventures LLC. bought a new position in T. Rowe Price U.S. High Yield ETF during the second quarter worth about $7,075,000. Cetera Investment Advisers grew 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 purchasing an additional 4,142 shares during the period. Turner Financial Group Inc. bought a new stake in shares of T. Rowe Price U.S. High Yield ETF in the 2nd quarter valued at approximately $3,656,000. Intergy Private Wealth LLC raised its holdings in shares of T. Rowe Price U.S. High Yield ETF by 9.7% in the 3rd quarter. Intergy Private Wealth LLC now owns 40,179 shares of the company’s stock worth $2,001,000 after buying an additional 3,544 shares in the last quarter. Finally, Heritage Wealth Management Inc. raised its holdings in shares of T. Rowe Price U.S. High Yield ETF by 23.0% in the 3rd quarter. Heritage Wealth Management Inc. now owns 21,543 shares of the company’s stock worth $1,073,000 after buying an additional 4,022 shares in the last quarter.

T. Rowe Price U.S. High Yield ETF Company Profile

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.