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

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 19,355 shares, a decrease of 90.0% from the September 30th total of 193,109 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 278,908 shares, the days-to-cover ratio is presently 0.1 days.

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

T. Rowe Price Intermediate Municipal Income ETF stock traded up $0.21 on Monday, hitting $49.95. 177,917 shares of the stock traded hands, compared to its average volume of 49,419. The business’s fifty day simple moving average is $49.45 and its 200 day simple moving average is $50.47. T. Rowe Price Intermediate Municipal Income ETF has a 1 year low of $48.04 and a 1 year high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 25th were paid a $0.1555 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, September 25th. This is a negative change from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1618.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Private Advisor Group LLC lifted its holdings in shares of T. Rowe Price Intermediate Municipal Income ETF by 35.8% during the first quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock valued at $413,000 after purchasing an additional 2,150 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter worth approximately $424,000. KFG Wealth Management LLC purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter worth approximately $623,000. Cetera Investment Advisers purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 1st quarter worth approximately $2,279,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 3rd quarter worth approximately $2,236,000.

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.