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

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 14,739 shares, a drop of 34.2% from the February 12th total of 22,403 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 7,653 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 7,653 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On T. Rowe Price Intermediate Municipal Income ETF

A number of hedge funds have recently modified their holdings of TAXE. Jane Street Group LLC lifted its stake in shares of T. Rowe Price Intermediate Municipal Income ETF by 12.5% in the second 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 in the last quarter. Well Done LLC boosted its position in T. Rowe Price Intermediate Municipal Income ETF by 127.6% during the third quarter. Well Done LLC now owns 56,905 shares of the company’s stock worth $2,885,000 after acquiring an additional 31,905 shares during the last quarter. Truist Financial Corp purchased a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter valued at about $231,000. Envestnet Asset Management Inc. purchased a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter valued at about $231,000. Finally, Raymond James Financial Inc. acquired a new stake in T. Rowe Price Intermediate Municipal Income ETF in the 3rd quarter valued at about $893,000.

T. Rowe Price Intermediate Municipal Income ETF Trading Up 0.2%

Shares of TAXE opened at $51.34 on Friday. T. Rowe Price Intermediate Municipal Income ETF has a one year low of $48.64 and a one year high of $52.03. The stock has a 50 day moving average price of $51.61 and a 200 day moving average price of $51.18.

T. Rowe Price Intermediate Municipal Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.1582 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, February 24th.

About T. Rowe Price Intermediate Municipal Income ETF

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.