T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Short Interest Down 44.5% in July

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 12,211 shares, a decrease of 44.5% from the July 15th total of 22,012 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 17,619 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of T. Rowe Price U.S. High Yield ETF stock traded down $0.04 on Monday, reaching $51.51. 5,783 shares of the company were exchanged, compared to its average volume of 18,427. The firm has a market cap of $849.91 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 1-year low of $50.43 and a 1-year high of $52.98. The company’s 50-day moving average is $51.57 and its two-hundred day moving average is $51.70.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in shares of T. Rowe Price U.S. High Yield ETF during the first quarter worth about $28,000. Regal Investment Advisors LLC bought a new stake in T. Rowe Price U.S. High Yield ETF in the 4th quarter valued at about $293,000. Tactive Advisors LLC lifted its position in T. Rowe Price U.S. High Yield ETF by 10.2% in the 2nd quarter. Tactive Advisors LLC now owns 8,028 shares of the company’s stock valued at $414,000 after purchasing an additional 743 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in T. Rowe Price U.S. High Yield ETF by 16.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock valued at $585,000 after purchasing an additional 1,556 shares during the period. Finally, Vines Capital Management LLC acquired a new position in T. Rowe Price U.S. High Yield ETF during the 4th quarter valued at about $712,000.

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.