T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Shares Shorted: Short Interest Up 675.6% in September

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 193,109 shares, an increase of 675.6% from the September 15th total of 24,898 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 187,162 shares, the short-interest ratio is presently 1.0 days.

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

Shares of TAXE stock opened at $48.64 on Friday. T. Rowe Price Intermediate Municipal Income ETF has a 1-year low of $48.04 and a 1-year high of $52.03. The business’s fifty day moving average price is $49.73 and its 200 day moving average price is $50.59.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 25th were given a dividend of $0.1555 per share. 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. This represents a $1.87 dividend on an annualized basis and a yield of 3.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. KFG Wealth Management LLC purchased a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter valued at $623,000. Cetera Investment Advisers purchased a new position in T. Rowe Price Intermediate Municipal Income ETF in the first quarter valued at about $2,279,000. Wedbush Securities Inc. acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF during the second quarter worth about $7,919,000. Integrated Wealth Concepts LLC purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the second quarter worth about $424,000. Finally, Private Advisor Group LLC boosted its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 35.8% in the first quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock worth $413,000 after buying an additional 2,150 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.