T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Short Interest Update

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 144,352 shares, a growth of 228.6% from the July 30th total of 43,924 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 352,913 shares, the days-to-cover ratio is currently 0.4 days.

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

NYSEARCA:TBUX traded down $0.01 during mid-day trading on Friday, reaching $49.78. The stock had a trading volume of 241,390 shares, compared to its average volume of 220,117. The firm has a 50 day moving average price of $49.85 and a two-hundred day moving average price of $49.85. The stock has a market capitalization of $1.30 billion, a P/E ratio of 34.13 and a beta of 0.03. T. Rowe Price Ultra Short-Term Bond ETF has a one year low of $49.61 and a one year high of $50.14.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. boosted its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 17.6% in the 3rd quarter. Raymond James Financial Inc. now owns 1,082,877 shares of the company’s stock valued at $53,971,000 after purchasing an additional 162,426 shares in the last quarter. Focus Financial Network Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 936.6% in the 2nd quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock worth $22,863,000 after purchasing an additional 415,054 shares during the period. Members Advisory Group LLC bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the first quarter worth $17,648,000. William John Sempolinski bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF in the second quarter worth $15,702,000. Finally, Osaic Holdings Inc. lifted its stake in T. Rowe Price Ultra Short-Term Bond ETF by 56.0% in the fourth quarter. Osaic Holdings Inc. now owns 285,698 shares of the company’s stock worth $14,245,000 after purchasing an additional 102,613 shares during the last quarter.

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.