Short Interest in T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Increases By 228.6%

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 144,352 shares, an increase of 228.6% from the July 30th total of 43,924 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 352,913 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 14.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 130,441 shares of the company’s stock worth $6,502,000 after purchasing an additional 16,279 shares during the period. MidAtlantic Capital Management Inc. increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 57.6% during the 4th quarter. MidAtlantic Capital Management Inc. now owns 51,930 shares of the company’s stock valued at $2,589,000 after purchasing an additional 18,984 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 7.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 207,477 shares of the company’s stock valued at $10,343,000 after purchasing an additional 15,166 shares during the last quarter. Stephens Inc. AR bought a new position in T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter valued at approximately $661,000. Finally, Independent Financial Group LLC purchased a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter worth approximately $1,908,000.

T. Rowe Price Ultra Short-Term Bond ETF Price Performance

T. Rowe Price Ultra Short-Term Bond ETF stock traded up $0.02 during mid-day trading on Thursday, hitting $49.80. The company’s stock had a trading volume of 141,374 shares, compared to its average volume of 219,185. The business has a 50 day moving average price of $49.85 and a 200-day moving average price of $49.85. T. Rowe Price Ultra Short-Term Bond ETF has a 12 month low of $49.61 and a 12 month high of $50.14. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03.

T. Rowe Price Ultra Short-Term Bond ETF Company Profile

The T. Rowe Price Ultra Short-Term Bond ETF (TBUX) is an exchange-traded fund. The ETF currently has 53.48m in AUM and 293 holdings. TBUX is an actively-managed fund that invests in a diversified portfolio of investment-grade fixed income securities, targeting an effective duration of 1.5 years or less. TBUX was launched on Sep 28, 2021 and is managed by T. Rowe Price.