T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Short Interest Update

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 14,817 shares, an increase of 258.3% from the April 30th total of 4,135 shares. Based on an average daily trading volume, of 11,608 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 18.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 159,425 shares of the company’s stock valued at $8,147,000 after acquiring an additional 24,475 shares in the last quarter. OLD Mission Capital LLC acquired a new position in T. Rowe Price Intermediate Municipal Income ETF during the fourth quarter valued at approximately $3,577,000. Cetera Investment Advisers acquired a new position in T. Rowe Price Intermediate Municipal Income ETF during the first quarter valued at approximately $2,279,000. LPL Financial LLC acquired a new position in T. Rowe Price Intermediate Municipal Income ETF during the fourth quarter valued at approximately $2,062,000. Finally, Raymond James Financial Inc. acquired a new position in T. Rowe Price Intermediate Municipal Income ETF during the third quarter valued at approximately $893,000.

T. Rowe Price Intermediate Municipal Income ETF Stock Up 0.2%

Shares of T. Rowe Price Intermediate Municipal Income ETF stock traded up $0.11 during midday trading on Friday, reaching $51.17. 16,895 shares of the company’s stock traded hands, compared to its average volume of 16,865. The company’s 50 day simple moving average is $51.02 and its 200 day simple moving average is $51.27. T. Rowe Price Intermediate Municipal Income ETF has a 52 week low of $49.31 and a 52 week high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.1592 per share. The ex-dividend date was Tuesday, May 26th. This is an increase from T. Rowe Price Intermediate Municipal Income ETF’s previous dividend of $0.15.

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.