T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Shares Shorted: Short Interest Down 90.0% in October

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 19,355 shares, a drop of 90.0% from the September 30th total of 193,109 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 278,908 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On T. Rowe Price Intermediate Municipal Income ETF

Hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the second quarter worth about $7,919,000. Cetera Investment Advisers bought a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the first quarter valued at approximately $2,279,000. Flagship Harbor Advisors LLC purchased a new position in shares of T. Rowe Price Intermediate Municipal Income ETF in the third quarter worth $2,236,000. KFG Wealth Management LLC bought a new position in shares of T. Rowe Price Intermediate Municipal Income ETF during the second quarter worth $623,000. Finally, Integrated Wealth Concepts LLC purchased a new position in T. Rowe Price Intermediate Municipal Income ETF during the second quarter valued at $424,000.

T. Rowe Price Intermediate Municipal Income ETF Stock Down 0.2%

Shares of TAXE traded down $0.12 during trading hours on Tuesday, reaching $49.83. 15,037 shares of the stock traded hands, compared to its average volume of 49,204. The company’s 50-day moving average price is $49.47 and its two-hundred day moving average price is $50.77. T. Rowe Price Intermediate Municipal Income ETF has a 52-week low of $48.04 and a 52-week high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Tuesday, October 27th will be issued a dividend of $0.1448 per share. This is a drop from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1555. This represents a $1.74 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, October 27th.

T. Rowe Price Intermediate Municipal Income ETF Company Profile

The T. Rowe Price Intermediate Municipal Income ETF (TAXE) is an exchange-traded fund. The ETF currently has 26.49m in AUM and 102 holdings. TAXE is actively managed, seeking the highest level of income by targeting municipal securities that are exempt from federal income taxes TAXE was launched on Jul 9, 2024 and is issued by T. Rowe Price.