Short Interest in T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Rises By 301.9%

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 100,838 shares, a growth of 301.9% from the April 15th total of 25,092 shares. Based on an average daily volume of 138,687 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBUX. ARS Wealth Advisors Group LLC raised its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 103.3% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 2,650,978 shares of the company’s stock valued at $132,151,000 after acquiring an additional 1,346,915 shares during the last quarter. Members Advisory Group LLC bought a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF in the first quarter worth $17,648,000. Raymond James Financial Inc. increased its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 22.2% in the second quarter. Raymond James Financial Inc. now owns 920,451 shares of the company’s stock valued at $45,783,000 after purchasing an additional 167,250 shares during the period. Harfst & Associates Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 221.9% during the 4th quarter. Harfst & Associates Inc. now owns 188,219 shares of the company’s stock worth $9,383,000 after purchasing an additional 129,745 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in T. Rowe Price Ultra Short-Term Bond ETF by 56.0% during the 4th quarter. Osaic Holdings Inc. now owns 285,698 shares of the company’s stock worth $14,245,000 after purchasing an additional 102,613 shares during the last quarter.

T. Rowe Price Ultra Short-Term Bond ETF Stock Performance

Shares of T. Rowe Price Ultra Short-Term Bond ETF stock traded down $0.01 on Thursday, hitting $49.86. The stock had a trading volume of 188,325 shares, compared to its average volume of 195,884. The stock has a 50 day moving average of $49.83 and a 200 day moving average of $49.87. T. Rowe Price Ultra Short-Term Bond ETF has a twelve month low of $49.59 and a twelve month high of $50.05. The firm has a market capitalization of $1.10 billion, a P/E ratio of 34.13 and a beta of 0.03.

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.