T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Short Interest Update

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

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

Shares of TAXE stock traded up $0.04 during trading hours on Friday, hitting $51.48. 11,467 shares of the company were exchanged, compared to its average volume of 15,932. The company has a 50 day simple moving average of $51.25 and a two-hundred day simple moving average of $50.76. T. Rowe Price Intermediate Municipal Income ETF has a fifty-two week low of $48.64 and a fifty-two week high of $51.62.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new stake in T. Rowe Price Intermediate Municipal Income ETF in the 3rd quarter valued at $231,000. Truist Financial Corp purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter worth $231,000. Jane Street Group LLC grew its stake in shares of T. Rowe Price Intermediate Municipal Income ETF by 12.5% in the 2nd quarter. Jane Street Group LLC now owns 9,536 shares of the company’s stock worth $474,000 after acquiring an additional 1,062 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the third quarter valued at about $893,000. Finally, Well Done LLC raised its holdings 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 valued at $2,885,000 after purchasing an additional 31,905 shares during the last quarter.

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.