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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 4,575 shares, a drop of 27.1% from the December 15th total of 6,274 shares. Based on an average daily trading volume, of 6,968 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,968 shares, the short-interest ratio is currently 0.7 days.

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

Shares of NYSEARCA THYF traded up $0.04 during mid-day trading on Friday, hitting $52.60. 8,061 shares of the company’s stock traded hands, compared to its average volume of 7,478. The company has a market capitalization of $796.89 million, a P/E ratio of 20.41 and a beta of 0.40. T. Rowe Price U.S. High Yield ETF has a 1 year low of $49.03 and a 1 year high of $52.98. The company’s 50-day moving average is $52.28 and its two-hundred day moving average is $52.34.

T. Rowe Price U.S. High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 24th were given a $0.3038 dividend. The ex-dividend date was Monday, November 24th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Investors Weigh In On T. Rowe Price U.S. High Yield ETF

Several hedge funds and other institutional investors have recently made changes to their positions in THYF. Souders Financial Advisors lifted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 5.1% in the 3rd quarter. Souders Financial Advisors now owns 175,839 shares of the company’s stock worth $9,222,000 after acquiring an additional 8,552 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in T. Rowe Price U.S. High Yield ETF by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 94,666 shares of the company’s stock worth $4,965,000 after purchasing an additional 5,054 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of T. Rowe Price U.S. High Yield ETF by 1.4% during the second quarter. Strategic Financial Concepts LLC now owns 80,487 shares of the company’s stock valued at $4,207,000 after buying an additional 1,086 shares during the period. Cetera Investment Advisers boosted its position in shares of T. Rowe Price U.S. High Yield ETF by 4.5% during the second quarter. Cetera Investment Advisers now owns 59,149 shares of the company’s stock valued at $3,090,000 after buying an additional 2,559 shares during the period. Finally, Intergy Private Wealth LLC grew its stake in shares of T. Rowe Price U.S. High Yield ETF by 2.7% during the third quarter. Intergy Private Wealth LLC now owns 29,979 shares of the company’s stock valued at $1,572,000 after buying an additional 786 shares during 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.