T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Sees Large Decrease in Short Interest

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,014 shares, a decrease of 15.4% from the January 15th total of 3,561 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 9,184 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 9,184 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On T. Rowe Price U.S. High Yield ETF

Several hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of T. Rowe Price U.S. High Yield ETF in the first quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its position in T. Rowe Price U.S. High Yield ETF by 532.7% in 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 last quarter. Regal Investment Advisors LLC purchased a new position in T. Rowe Price U.S. High Yield ETF in the fourth quarter worth $293,000. Tactive Advisors LLC bought a new position in T. Rowe Price U.S. High Yield ETF in the 4th quarter valued at $394,000. Finally, Envestnet Asset Management Inc. increased its position in shares of T. Rowe Price U.S. High Yield ETF by 35.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,602 shares of the company’s stock valued at $502,000 after purchasing an additional 2,494 shares during the last quarter.

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

Shares of NYSEARCA THYF traded up $0.03 during trading on Tuesday, hitting $52.38. The stock had a trading volume of 5,268 shares, compared to its average volume of 11,628. T. Rowe Price U.S. High Yield ETF has a 12 month low of $49.03 and a 12 month high of $52.98. The company has a market capitalization of $795.13 million, a PE ratio of 20.41 and a beta of 0.40. The firm has a fifty day moving average of $52.37 and a two-hundred day moving average of $52.36.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Shareholders of record on Tuesday, January 27th were given a $0.2681 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, January 27th.

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.