T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Short Interest Up 87.9% in August

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 22,942 shares, an increase of 87.9% from the July 30th total of 12,211 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 8,818 shares, the short-interest ratio is presently 2.6 days.

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

Shares of NYSEARCA THYF traded down $0.09 during midday trading on Friday, reaching $51.25. 12,522 shares of the stock were exchanged, compared to its average volume of 18,271. The business has a 50-day simple moving average of $51.50 and a two-hundred day simple moving average of $51.64. The company has a market capitalization of $845.62 million, a price-to-earnings ratio of 20.41 and a beta of 0.35. T. Rowe Price U.S. High Yield ETF has a 12 month low of $50.43 and a 12 month high of $52.98.

Institutional Trading of T. Rowe Price U.S. High Yield ETF

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in T. Rowe Price U.S. High Yield ETF during the 1st quarter worth approximately $28,000. Tactive Advisors LLC boosted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 10.2% in the second quarter. Tactive Advisors LLC now owns 8,028 shares of the company’s stock valued at $414,000 after buying an additional 743 shares during the period. Envestnet Asset Management Inc. increased its position in shares of T. Rowe Price U.S. High Yield ETF by 16.2% during the third quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock worth $585,000 after acquiring an additional 1,556 shares in the last quarter. Intergy Private Wealth LLC increased its position in shares of T. Rowe Price U.S. High Yield ETF by 6.2% during the first quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,844 shares in the last quarter. Finally, Heritage Wealth Management Inc. increased its position in shares of T. Rowe Price U.S. High Yield ETF by 14.3% during the first quarter. Heritage Wealth Management Inc. now owns 16,317 shares of the company’s stock worth $832,000 after acquiring an additional 2,038 shares in the last quarter.

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.