T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Sees Significant Increase in Short Interest

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 24,594 shares, a growth of 96.9% from the December 31st total of 12,490 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 21,972 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 21,972 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the company’s stock are sold short.

T. Rowe Price Intermediate Municipal Income ETF Trading Up 0.0%

Shares of NASDAQ:TAXE opened at $51.46 on Friday. T. Rowe Price Intermediate Municipal Income ETF has a 1 year low of $48.64 and a 1 year high of $51.62. The firm has a fifty day moving average price of $51.25 and a 200 day moving average price of $50.78.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were given a $0.1622 dividend. This is an increase from T. Rowe Price Intermediate Municipal Income ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in T. Rowe Price Intermediate Municipal Income ETF in the 3rd quarter worth approximately $893,000. Envestnet Asset Management Inc. bought a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the third quarter valued at approximately $231,000. Truist Financial Corp bought a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the third quarter valued at approximately $231,000. Well Done LLC lifted its stake in shares of T. Rowe Price Intermediate Municipal Income ETF by 127.6% in the third quarter. Well Done LLC now owns 56,905 shares of the company’s stock worth $2,885,000 after buying an additional 31,905 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of T. Rowe Price Intermediate Municipal Income ETF by 12.5% during the 2nd quarter. Jane Street Group LLC now owns 9,536 shares of the company’s stock worth $474,000 after buying an additional 1,062 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.