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

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 14,817 shares, an increase of 258.3% from the April 30th total of 4,135 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 11,608 shares, the days-to-cover ratio is currently 1.3 days.

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

Shares of TAXE stock traded up $0.11 during trading on Friday, reaching $51.17. The company’s stock had a trading volume of 16,895 shares, compared to its average volume of 16,865. The business has a fifty day moving average price of $51.02 and a 200-day moving average price of $51.27. T. Rowe Price Intermediate Municipal Income ETF has a one year low of $49.31 and a one year high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 26th were given a $0.1592 dividend. This is a boost from T. Rowe Price Intermediate Municipal Income ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, May 26th.

Institutional Trading of T. Rowe Price Intermediate Municipal Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAXE. OLD Mission Capital LLC bought a new stake in T. Rowe Price Intermediate Municipal Income ETF during the fourth quarter worth $3,577,000. Cetera Investment Advisers bought a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the first quarter valued at about $2,279,000. LPL Financial LLC acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the fourth quarter valued at about $2,062,000. Price T Rowe Associates Inc. MD grew its stake in shares of T. Rowe Price Intermediate Municipal Income ETF by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 159,425 shares of the company’s stock valued at $8,147,000 after acquiring an additional 24,475 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the third quarter valued at about $893,000.

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.