T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Sees Significant Growth in Short Interest

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 144,151 shares, a growth of 644.8% from the October 15th total of 19,355 shares. Based on an average trading volume of 144,954 shares, the short-interest ratio is currently 1.0 days. Approximately 1.8% of the company’s stock are short sold.

T. Rowe Price Intermediate Municipal Income ETF Trading Down 0.3%

Shares of NASDAQ:TAXE opened at $50.13 on Friday. The company’s fifty day moving average price is $49.38 and its 200 day moving average price is $50.67. T. Rowe Price Intermediate Municipal Income ETF has a 12 month low of $48.04 and a 12 month high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 29th. Shareholders of record on Tuesday, October 27th were given a dividend of $0.1448 per share. This represents a $1.74 annualized dividend and a yield of 3.5%. This is a negative change from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1555. The ex-dividend date of this dividend was Tuesday, October 27th.

Institutional Investors Weigh In On T. Rowe Price Intermediate Municipal Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the second quarter worth approximately $7,919,000. Cetera Investment Advisers purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the first quarter valued at about $2,279,000. Flagship Harbor Advisors LLC acquired a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter valued at $2,236,000. Benjamin Edwards Inc. acquired a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the third quarter valued at $1,793,000. Finally, Landmark Wealth Management LLC boosted its position in T. Rowe Price Intermediate Municipal Income ETF by 575.5% during the third quarter. Landmark Wealth Management LLC now owns 33,162 shares of the company’s stock worth $1,606,000 after acquiring an additional 28,253 shares during the last quarter.

About T. Rowe Price Intermediate Municipal Income ETF

The T. Rowe Price Intermediate Municipal Income ETF (TAXE) is an exchange-traded fund. The ETF currently has 26.49m in AUM and 102 holdings. TAXE is actively managed, seeking the highest level of income by targeting municipal securities that are exempt from federal income taxes TAXE was launched on Jul 9, 2024 and is issued by T. Rowe Price.