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 target of a large growth in short interest in September. As of September 15th, there was short interest totaling 321,643 shares, a growth of 73.9% from the August 31st total of 184,926 shares. Based on an average daily volume of 442,331 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.0% of the shares of the company are sold short.

T. Rowe Price Ultra Short-Term Bond ETF Stock Up 0.1%

Shares of NYSEARCA:TBUX opened at $49.64 on Friday. T. Rowe Price Ultra Short-Term Bond ETF has a 12-month low of $49.56 and a 12-month high of $50.14. The company’s 50 day moving average price is $49.80 and its two-hundred day moving average price is $49.82. The firm has a market cap of $1.72 billion, a PE ratio of 34.13 and a beta of 0.03.

Hedge Funds Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC increased its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 373.3% in the second quarter. Capital Analysts LLC now owns 4,506 shares of the company’s stock worth $224,000 after purchasing an additional 3,554 shares during the period. Nicolet Advisory Services LLC acquired a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter worth about $285,000. Benchmark Financial LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter valued at about $286,000. Triumph Capital Management increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 317.7% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock valued at $335,000 after buying an additional 5,115 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at approximately $344,000.

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.