Short Interest in T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Increases By 228.6%

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 144,352 shares, an increase of 228.6% from the July 30th total of 43,924 shares. Based on an average daily trading volume, of 352,913 shares, the short-interest ratio is presently 0.4 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On T. Rowe Price Ultra Short-Term Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of 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 valued at $75,000 after purchasing an additional 1,510 shares during the last quarter. 1620 Investment Advisors Inc. boosted its stake in T. Rowe Price Ultra Short-Term Bond ETF by 31.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 2,532 shares of the company’s stock worth $126,000 after buying an additional 601 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter valued at approximately $180,000. Sanctuary Advisors LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter valued at approximately $210,000. Finally, Encompass More Asset Management purchased a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF during the fourth quarter worth approximately $212,000.

T. Rowe Price Ultra Short-Term Bond ETF Trading Up 0.0%

Shares of T. Rowe Price Ultra Short-Term Bond ETF stock traded up $0.02 on Thursday, hitting $49.80. 141,374 shares of the company traded hands, compared to its average volume of 219,185. The firm’s 50-day simple moving average is $49.85 and its 200 day simple moving average is $49.85. The company has a market cap of $1.30 billion, a P/E ratio of 34.13 and a beta of 0.03. T. Rowe Price Ultra Short-Term Bond ETF has a 12-month low of $49.61 and a 12-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.