T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Shares Shorted: Short Interest Up 644.8% in October

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 144,151 shares, an increase of 644.8% from the October 15th total of 19,355 shares. Based on an average daily trading volume, of 144,954 shares, the short-interest ratio is currently 1.0 days. Currently, 1.8% of the shares of the company are sold short.

T. Rowe Price Intermediate Municipal Income ETF Price Performance

T. Rowe Price Intermediate Municipal Income ETF stock opened at $50.36 on Wednesday. The company’s 50-day moving average price is $49.38 and its two-hundred day moving average price is $50.69. 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 company also recently announced a monthly dividend, which was paid on Thursday, October 29th. Stockholders of record on Tuesday, October 27th were given a $0.1448 dividend. The ex-dividend date of this dividend was Tuesday, October 27th. This is a negative change from T. Rowe Price Intermediate Municipal Income ETF’s previous monthly dividend of $0.1555. This represents a $1.74 annualized dividend and a dividend yield of 3.5%.

Hedge Funds Weigh In On T. Rowe Price Intermediate Municipal Income ETF

A number of large investors have recently made changes to their positions in TAXE. Wedbush Securities Inc. acquired a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter worth approximately $7,919,000. Flagship Harbor Advisors LLC acquired a new position in T. Rowe Price Intermediate Municipal Income ETF in the 3rd quarter valued at $2,236,000. Cetera Investment Advisers acquired a new position in T. Rowe Price Intermediate Municipal Income ETF in the 1st quarter valued at $2,279,000. Landmark Wealth Management LLC grew its holdings in T. Rowe Price Intermediate Municipal Income ETF by 575.5% in the 3rd quarter. Landmark Wealth Management LLC now owns 33,162 shares of the company’s stock valued at $1,606,000 after buying an additional 28,253 shares in the last quarter. Finally, KFG Wealth Management LLC bought a new position in T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter worth $623,000.

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.