Short Interest in T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Drops By 44.5%

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 12,211 shares, a drop of 44.5% from the July 15th total of 22,012 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 17,619 shares, the short-interest ratio is presently 0.7 days.

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

Large investors have recently added to or reduced their stakes in the company. Souders Financial Advisors increased its stake in T. Rowe Price U.S. High Yield ETF by 4.3% during the fourth quarter. Souders Financial Advisors now owns 183,391 shares of the company’s stock valued at $9,583,000 after purchasing an additional 7,552 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 564.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 141,870 shares of the company’s stock valued at $7,413,000 after buying an additional 120,503 shares during the period. Cetera Investment Advisers boosted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 75,255 shares of the company’s stock valued at $3,838,000 after buying an additional 4,142 shares during the period. Intergy Private Wealth LLC grew its position in shares of T. Rowe Price U.S. High Yield ETF by 6.2% during the 1st quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock valued at $1,623,000 after buying an additional 1,844 shares during the last quarter. Finally, PFG Advisors grew its position in shares of T. Rowe Price U.S. High Yield ETF by 3.2% during the 4th quarter. PFG Advisors now owns 30,552 shares of the company’s stock valued at $1,597,000 after buying an additional 960 shares during the last quarter.

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

Shares of T. Rowe Price U.S. High Yield ETF stock traded down $0.04 during trading on Monday, reaching $51.51. The company had a trading volume of 5,783 shares, compared to its average volume of 18,427. T. Rowe Price U.S. High Yield ETF has a fifty-two week low of $50.43 and a fifty-two week high of $52.98. The firm’s fifty day moving average is $51.57 and its 200-day moving average is $51.70. The company has a market cap of $849.91 million, a price-to-earnings ratio of 20.41 and a beta of 0.35.

T. Rowe Price U.S. High Yield ETF Company Profile

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.