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

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 20,056 shares, a growth of 201.3% from the September 30th total of 6,656 shares. Based on an average trading volume of 21,768 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in THYF. Kickstand Ventures LLC. bought a new stake in T. Rowe Price U.S. High Yield ETF during the 2nd quarter valued at about $7,075,000. Cetera Investment Advisers lifted its stake in shares of T. Rowe Price U.S. High Yield ETF by 5.8% in the first quarter. Cetera Investment Advisers now owns 75,255 shares of the company’s stock worth $3,838,000 after buying an additional 4,142 shares in the last quarter. Turner Financial Group Inc. bought a new position in shares of T. Rowe Price U.S. High Yield ETF in the second quarter worth approximately $3,656,000. Intergy Private Wealth LLC grew its holdings in shares of T. Rowe Price U.S. High Yield ETF by 9.7% during the third quarter. Intergy Private Wealth LLC now owns 40,179 shares of the company’s stock valued at $2,001,000 after buying an additional 3,544 shares during the last quarter. Finally, Heritage Wealth Management Inc. increased its position in shares of T. Rowe Price U.S. High Yield ETF by 23.0% during the third quarter. Heritage Wealth Management Inc. now owns 21,543 shares of the company’s stock valued at $1,073,000 after acquiring an additional 4,022 shares in the last quarter.

T. Rowe Price U.S. High Yield ETF Stock Performance

Shares of NYSEARCA THYF opened at $50.04 on Thursday. The company has a 50 day simple moving average of $50.50 and a two-hundred day simple moving average of $51.44. T. Rowe Price U.S. High Yield ETF has a fifty-two week low of $49.50 and a fifty-two week high of $52.72. The company has a market capitalization of $831.66 million, a price-to-earnings ratio of 20.41 and a beta of 0.36.

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.