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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 12,211 shares, a drop of 44.5% from the July 15th total of 22,012 shares. Based on an average daily trading volume, of 17,619 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On T. Rowe Price U.S. High Yield ETF

Hedge funds have recently made changes to their positions in the business. Souders Financial Advisors raised its stake in shares of T. Rowe Price U.S. High Yield ETF by 4.3% during the fourth quarter. Souders Financial Advisors now owns 183,391 shares of the company’s stock valued at $9,583,000 after purchasing an additional 7,552 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 564.0% during the fourth quarter. N.E.W. Advisory Services LLC now owns 141,870 shares of the company’s stock valued at $7,413,000 after purchasing an additional 120,503 shares during the last quarter. Cetera Investment Advisers lifted its stake in T. Rowe Price U.S. High Yield ETF by 5.8% during the first quarter. Cetera Investment Advisers now owns 75,255 shares of the company’s stock valued at $3,838,000 after buying an additional 4,142 shares in the last quarter. Intergy Private Wealth LLC lifted its position in shares of T. Rowe Price U.S. High Yield ETF by 6.2% in the 1st quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock valued at $1,623,000 after acquiring an additional 1,844 shares in the last quarter. Finally, PFG Advisors boosted its position in shares of T. Rowe Price U.S. High Yield ETF by 3.2% in the fourth quarter. PFG Advisors now owns 30,552 shares of the company’s stock worth $1,597,000 after buying an additional 960 shares during the period.

T. Rowe Price U.S. High Yield ETF Stock Down 0.1%

Shares of NYSEARCA THYF opened at $51.39 on Wednesday. The stock has a market capitalization of $847.93 million, a P/E ratio of 20.41 and a beta of 0.35. T. Rowe Price U.S. High Yield ETF has a 52-week low of $50.43 and a 52-week high of $52.98. The firm’s 50-day moving average price is $51.57 and its two-hundred day moving average price is $51.68.

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.