T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Stock Short Interest Climbs 644.8%

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 144,151 shares, an increase of 644.8% from the October 15th total of 19,355 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 144,954 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of large investors have recently added to or reduced their stakes in TAXE. Private Advisor Group LLC lifted its holdings in T. Rowe Price Intermediate Municipal Income ETF by 35.8% during the 1st 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 position in T. Rowe Price Intermediate Municipal Income ETF during the second quarter worth $424,000. KFG Wealth Management LLC acquired a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the second quarter valued at $623,000. Landmark Wealth Management LLC increased its holdings in shares of T. Rowe Price Intermediate Municipal Income ETF by 575.5% in the third quarter. Landmark Wealth Management LLC now owns 33,162 shares of the company’s stock valued at $1,606,000 after purchasing an additional 28,253 shares during the last quarter. Finally, 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.

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

NASDAQ:TAXE opened at $50.36 on Wednesday. The stock’s 50 day moving average price is $49.38 and its two-hundred day moving average price is $50.69. T. Rowe Price Intermediate Municipal Income ETF has a 12-month low of $48.04 and a 12-month high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 29th. Stockholders of record on Tuesday, October 27th were paid a dividend of $0.1448 per share. The ex-dividend date was Tuesday, October 27th. This represents a $1.74 annualized dividend and a dividend yield of 3.5%. This is a decrease from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1555.

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.