T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Short Interest Update

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,561 shares, a drop of 22.2% from the December 31st total of 4,575 shares. Based on an average daily trading volume, of 7,469 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,469 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On T. Rowe Price U.S. High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in THYF. Geneos Wealth Management Inc. acquired a new position in T. Rowe Price U.S. High Yield ETF during the 1st quarter worth approximately $28,000. Jones Financial Companies Lllp raised its position in T. Rowe Price U.S. High Yield ETF by 532.7% in the third quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock worth $261,000 after acquiring an additional 4,192 shares in the last quarter. Tactive Advisors LLC purchased a new position in T. Rowe Price U.S. High Yield ETF in the fourth quarter worth $394,000. Envestnet Asset Management Inc. lifted its holdings in 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 during the period. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of T. Rowe Price U.S. High Yield ETF in the fourth quarter valued at about $746,000.

T. Rowe Price U.S. High Yield ETF Stock Performance

T. Rowe Price U.S. High Yield ETF stock traded down $0.03 during mid-day trading on Tuesday, reaching $52.19. 6,284 shares of the company were exchanged, compared to its average volume of 9,182. The firm’s 50-day simple moving average is $52.35 and its two-hundred day simple moving average is $52.35. T. Rowe Price U.S. High Yield ETF has a twelve month low of $49.03 and a twelve month high of $52.98. The firm has a market cap of $790.68 million, a PE ratio of 20.41 and a beta of 0.40.

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

The company also recently announced a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th were paid a $0.2681 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Tuesday, January 27th.

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.