T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Sees Significant Drop in Short Interest

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 4,575 shares, a decrease of 27.1% from the December 15th total of 6,274 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,968 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 6,968 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On T. Rowe Price U.S. High Yield ETF

Large investors have recently made changes to their positions in the stock. PFG Advisors lifted its stake in T. Rowe Price U.S. High Yield ETF by 12.9% in the 2nd quarter. PFG Advisors now owns 26,308 shares of the company’s stock valued at $1,375,000 after buying an additional 2,997 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of T. Rowe Price U.S. High Yield ETF by 4.5% in the second quarter. Cetera Investment Advisers now owns 59,149 shares of the company’s stock worth $3,090,000 after acquiring an additional 2,559 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of T. Rowe Price U.S. High Yield ETF by 35.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,602 shares of the company’s stock valued at $502,000 after acquiring an additional 2,494 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of T. Rowe Price U.S. High Yield ETF in the third quarter valued at $1,121,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of T. Rowe Price U.S. High Yield ETF by 10.1% during the second quarter. AdvisorNet Financial Inc now owns 14,295 shares of the company’s stock valued at $747,000 after acquiring an additional 1,306 shares during the last quarter.

T. Rowe Price U.S. High Yield ETF Stock Up 0.1%

Shares of T. Rowe Price U.S. High Yield ETF stock traded up $0.04 during trading on Friday, reaching $52.60. The company’s stock had a trading volume of 8,061 shares, compared to its average volume of 7,478. The business has a 50 day moving average price of $52.28 and a 200-day moving average price of $52.34. T. Rowe Price U.S. High Yield ETF has a 12-month low of $49.03 and a 12-month high of $52.98. The company has a market capitalization of $796.89 million, a P/E ratio of 20.41 and a beta of 0.40.

T. Rowe Price U.S. High Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 24th were given a dividend of $0.3038 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Monday, November 24th.

About T. Rowe Price U.S. High Yield ETF

The T. Rowe Price U.S. High Yield ETF (THYF) is an exchange-traded fund. The ETF currently has 21.58m in AUM and 110 holdings. THYF is actively managed to hold a broad portfolio of US high-yield corporate bonds of any maturity. THYF was launched on Oct 25, 2022 and is managed by T. Rowe Price.