T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Shares Shorted: Short Interest Up 675.6% in September

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 193,109 shares, a growth of 675.6% from the September 15th total of 24,898 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 187,162 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF in the 2nd quarter worth about $424,000. KFG Wealth Management LLC acquired a new position in T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter valued at about $623,000. Wedbush Securities Inc. acquired a new position in T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter valued at about $7,919,000. Cetera Investment Advisers bought a new position in T. Rowe Price Intermediate Municipal Income ETF in the 1st quarter worth about $2,279,000. Finally, Private Advisor Group LLC grew its position in T. Rowe Price Intermediate Municipal Income ETF by 35.8% in the 1st quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock worth $413,000 after purchasing an additional 2,150 shares during the last quarter.

T. Rowe Price Intermediate Municipal Income ETF Stock Performance

Shares of TAXE stock opened at $48.64 on Friday. The firm has a fifty day simple moving average of $49.73 and a 200-day simple moving average of $50.59. T. Rowe Price Intermediate Municipal Income ETF has a twelve month low of $48.04 and a twelve month high of $52.03.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 25th were paid a dividend of $0.1555 per share. This is a drop from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1618. This represents a $1.87 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 25th.

About T. Rowe Price Intermediate Municipal Income ETF

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.