Short Interest in T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Grows By 107.4%

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 10,414 shares, a growth of 107.4% from the March 31st total of 5,021 shares. Based on an average daily volume of 7,261 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the shares of the company are short sold.

T. Rowe Price U.S. High Yield ETF Stock Up 0.2%

Shares of T. Rowe Price U.S. High Yield ETF stock traded up $0.12 on Friday, reaching $51.88. 4,375 shares of the stock were exchanged, compared to its average volume of 17,648. T. Rowe Price U.S. High Yield ETF has a twelve month low of $50.43 and a twelve month high of $52.98. The firm has a market capitalization of $814.52 million, a price-to-earnings ratio of 20.41 and a beta of 0.39. The business has a 50 day moving average price of $51.65 and a two-hundred day moving average price of $52.07.

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

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were issued a dividend of $0.2925 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. This is a positive change from T. Rowe Price U.S. High Yield ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, February 24th.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of T. Rowe Price U.S. High Yield ETF during the first quarter worth about $28,000. Jones Financial Companies Lllp lifted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 532.7% during the third quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock worth $261,000 after purchasing an additional 4,192 shares during the period. Regal Investment Advisors LLC acquired a new stake in shares of T. Rowe Price U.S. High Yield ETF during the fourth quarter worth about $293,000. Tactive Advisors LLC acquired a new stake in shares of T. Rowe Price U.S. High Yield ETF during the fourth quarter worth about $394,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of 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 period.

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.