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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 20,056 shares, a growth of 201.3% from the September 30th total of 6,656 shares. Based on an average daily trading volume, of 21,768 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Heritage Wealth Management Inc. grew its holdings in shares of T. Rowe Price U.S. High Yield ETF by 23.0% in the third quarter. Heritage Wealth Management Inc. now owns 21,543 shares of the company’s stock worth $1,073,000 after acquiring an additional 4,022 shares during the period. Intergy Private Wealth LLC grew its position in T. Rowe Price U.S. High Yield ETF by 9.7% during the third quarter. Intergy Private Wealth LLC now owns 40,179 shares of the company’s stock valued at $2,001,000 after buying an additional 3,544 shares during the period. AdvisorNet Financial Inc purchased a new stake in T. Rowe Price U.S. High Yield ETF during the third quarter valued at approximately $678,000. Bill Few Associates Inc. purchased a new stake in T. Rowe Price U.S. High Yield ETF during the third quarter valued at approximately $238,000. Finally, Titleist Asset Management LLC purchased a new position in shares of T. Rowe Price U.S. High Yield ETF during the 3rd quarter worth $206,000.

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

Shares of NYSEARCA:THYF opened at $50.04 on Thursday. The business has a 50-day simple moving average of $50.50 and a two-hundred day simple moving average of $51.44. T. Rowe Price U.S. High Yield ETF has a fifty-two week low of $49.50 and a fifty-two week high of $52.72. The firm has a market cap of $831.66 million, a price-to-earnings ratio of 20.41 and a beta of 0.36.

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.