Short Interest in T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Drops By 68.0%

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 43,924 shares, a decrease of 68.0% from the July 15th total of 137,096 shares. Based on an average daily volume of 230,608 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of T. Rowe Price Ultra Short-Term Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TBUX. Wells Fargo & Company MN lifted its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 75,500.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,512 shares of the company’s stock worth $75,000 after buying an additional 1,510 shares during the last quarter. 1620 Investment Advisors Inc. increased its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 31.1% in the 4th quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock valued at $126,000 after acquiring an additional 601 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 4th quarter valued at about $180,000. Sanctuary Advisors LLC acquired a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth about $210,000. Finally, Encompass More Asset Management acquired a new stake in shares of T. Rowe Price Ultra Short-Term Bond ETF during the 4th quarter worth about $212,000.

T. Rowe Price Ultra Short-Term Bond ETF Trading Down 0.1%

Shares of TBUX opened at $49.87 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 34.13 and a beta of 0.03. The firm’s fifty day simple moving average is $49.84 and its 200-day simple moving average is $49.85. T. Rowe Price Ultra Short-Term Bond ETF has a twelve month low of $49.61 and a twelve month high of $50.14.

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.