T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Short Interest Down 65.8% in May

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,375 shares, a decline of 65.8% from the April 30th total of 9,873 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 11,992 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of THYF. Cetera Investment Advisers lifted its position in shares of T. Rowe Price U.S. High Yield ETF by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 75,255 shares of the company’s stock valued at $3,838,000 after acquiring an additional 4,142 shares during the period. Heritage Wealth Management Inc. boosted its stake in T. Rowe Price U.S. High Yield ETF by 14.3% during the first quarter. Heritage Wealth Management Inc. now owns 16,317 shares of the company’s stock worth $832,000 after acquiring an additional 2,038 shares in the last quarter. Intergy Private Wealth LLC boosted its stake in T. Rowe Price U.S. High Yield ETF by 6.2% during the first quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,844 shares in the last quarter. Vines Capital Management LLC bought a new position in T. Rowe Price U.S. High Yield ETF during the fourth quarter worth $712,000. Finally, Regal Investment Advisors LLC bought a new position in T. Rowe Price U.S. High Yield ETF during the fourth quarter worth $293,000.

T. Rowe Price U.S. High Yield ETF Stock Performance

Shares of NYSEARCA THYF traded up $0.04 during midday trading on Friday, reaching $51.74. The stock had a trading volume of 10,502 shares, compared to its average volume of 16,581. The firm has a market cap of $812.32 million, a price-to-earnings ratio of 20.41 and a beta of 0.36. 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 company’s 50 day moving average price is $51.55 and its 200 day moving average price is $51.98.

T. Rowe Price U.S. High Yield ETF Company Profile

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.