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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,472 shares, a decrease of 54.4% from the August 15th total of 22,942 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 14,375 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On T. Rowe Price U.S. High Yield ETF

Several institutional investors have recently made changes to their positions in THYF. Kickstand Ventures LLC. purchased a new position in shares of T. Rowe Price U.S. High Yield ETF in the second quarter worth approximately $7,075,000. Cetera Investment Advisers increased its holdings 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 during the last quarter. Turner Financial Group Inc. bought a new position in T. Rowe Price U.S. High Yield ETF in the second quarter worth approximately $3,656,000. Intergy Private Wealth LLC raised its position in T. Rowe Price U.S. High Yield ETF by 6.2% in the first quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,844 shares during the period. Finally, Heritage Wealth Management Inc. raised its position in T. Rowe Price U.S. High Yield ETF by 14.3% in the first quarter. Heritage Wealth Management Inc. now owns 16,317 shares of the company’s stock worth $832,000 after acquiring an additional 2,038 shares during the period.

T. Rowe Price U.S. High Yield ETF Trading Up 0.1%

THYF stock traded up $0.05 during trading on Wednesday, reaching $50.69. The stock had a trading volume of 13,806 shares, compared to its average volume of 18,041. 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 stock’s 50 day moving average is $51.33 and its two-hundred day moving average is $51.52. The firm has a market cap of $836.38 million, a PE ratio of 20.41 and a beta of 0.35.

T. Rowe Price U.S. High Yield ETF Company Profile

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.