T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Sees Large Drop in Short Interest

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 14,739 shares, a decline of 34.2% from the February 12th total of 22,403 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 7,653 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 7,653 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of T. Rowe Price Intermediate Municipal Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in T. Rowe Price Intermediate Municipal Income ETF by 18.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 159,425 shares of the company’s stock worth $8,147,000 after acquiring an additional 24,475 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the fourth quarter worth $3,577,000. Well Done LLC raised its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 127.6% during the 3rd quarter. Well Done LLC now owns 56,905 shares of the company’s stock valued at $2,885,000 after purchasing an additional 31,905 shares during the period. LPL Financial LLC bought a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the 4th quarter valued at $2,062,000. Finally, Raymond James Financial Inc. purchased a new position in shares of T. Rowe Price Intermediate Municipal Income ETF during the 3rd quarter valued at $893,000.

T. Rowe Price Intermediate Municipal Income ETF Stock Up 0.1%

TAXE traded up $0.07 during trading on Friday, hitting $51.33. The company’s stock had a trading volume of 3,627 shares, compared to its average volume of 13,849. The business’s 50 day simple moving average is $51.61 and its 200-day simple moving average is $51.16. T. Rowe Price Intermediate Municipal Income ETF has a one year low of $48.64 and a one year high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were given a dividend of $0.1582 per share. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 3.7%.

T. Rowe Price Intermediate Municipal Income ETF Company Profile

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.