T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sees Large Growth in Short Interest

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 321,643 shares, a growth of 73.9% from the August 31st total of 184,926 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 442,331 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Several hedge funds have recently modified their holdings of the stock. Focus Financial Network Inc. boosted its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 936.6% during the second quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock worth $22,863,000 after acquiring an additional 415,054 shares during the last quarter. MCF Advisors LLC increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 0.4% in the 2nd quarter. MCF Advisors LLC now owns 423,617 shares of the company’s stock valued at $21,083,000 after acquiring an additional 1,799 shares during the last quarter. Members Advisory Group LLC purchased a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter worth $17,648,000. William John Sempolinski bought a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 2nd quarter valued at about $15,702,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 7.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 207,477 shares of the company’s stock valued at $10,343,000 after purchasing an additional 15,166 shares during the last quarter.

T. Rowe Price Ultra Short-Term Bond ETF Stock Up 0.1%

NYSEARCA:TBUX traded up $0.07 on Thursday, reaching $49.64. 1,354,586 shares of the company’s stock traded hands, compared to its average volume of 251,719. The stock has a 50-day simple moving average of $49.80 and a 200-day simple moving average of $49.82. T. Rowe Price Ultra Short-Term Bond ETF has a 12 month low of $49.56 and a 12 month high of $50.14. The firm has a market cap of $1.70 billion, a PE ratio of 34.13 and a beta of 0.03.

About T. Rowe Price Ultra Short-Term Bond ETF

The T. Rowe Price Ultra Short-Term Bond ETF (TBUX) is an exchange-traded fund. The ETF currently has 53.48m in AUM and 293 holdings. TBUX is an actively-managed fund that invests in a diversified portfolio of investment-grade fixed income securities, targeting an effective duration of 1.5 years or less. TBUX was launched on Sep 28, 2021 and is managed by T. Rowe Price.