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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYFGet Free Report) was the recipient of a large 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,818 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Turner Financial Group Inc. bought a new stake in T. Rowe Price U.S. High Yield ETF in the 2nd quarter valued at approximately $3,656,000. Vines Capital Management LLC bought a new position in shares of T. Rowe Price U.S. High Yield ETF during the 4th quarter worth approximately $712,000. Cetera Investment Advisers raised its holdings in shares of T. Rowe Price U.S. High Yield ETF by 6.7% in the fourth quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock valued at $3,716,000 after purchasing an additional 4,441 shares during the last quarter. Regal Investment Advisors LLC bought a new stake in shares of T. Rowe Price U.S. High Yield ETF in the fourth quarter worth $293,000. Finally, Envestnet Asset Management Inc. boosted its holdings in 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 purchasing an additional 1,556 shares during the last quarter.

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

THYF stock traded down $0.09 during trading hours on Friday, reaching $51.25. 12,522 shares of the stock were exchanged, compared to its average volume of 18,271. The firm’s 50-day moving average is $51.50 and its 200-day moving average is $51.64. The company has a market cap 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.

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

(Get Free Report)

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.

Further Reading

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