T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Short Interest Update

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 43,924 shares, a drop of 68.0% from the July 15th total of 137,096 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 230,608 shares, the days-to-cover ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Financial Network Inc. grew its stake in shares of T. Rowe Price Ultra Short-Term Bond ETF by 936.6% in the 2nd quarter. Focus Financial Network Inc. now owns 459,368 shares of the company’s stock valued at $22,863,000 after buying an additional 415,054 shares during the period. Members Advisory Group LLC bought a new stake in T. Rowe Price Ultra Short-Term Bond ETF during the 1st quarter valued at $17,648,000. Raymond James Financial Inc. increased its stake in T. Rowe Price Ultra Short-Term Bond ETF by 22.2% during the 2nd quarter. Raymond James Financial Inc. now owns 920,451 shares of the company’s stock valued at $45,783,000 after purchasing an additional 167,250 shares in the last quarter. Harfst & Associates Inc. raised its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 221.9% during the fourth quarter. Harfst & Associates Inc. now owns 188,219 shares of the company’s stock worth $9,383,000 after buying an additional 129,745 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in T. Rowe Price Ultra Short-Term Bond ETF by 56.0% during the fourth quarter. Osaic Holdings Inc. now owns 285,698 shares of the company’s stock worth $14,245,000 after buying an additional 102,613 shares during the last quarter.

T. Rowe Price Ultra Short-Term Bond ETF Price Performance

Shares of T. Rowe Price Ultra Short-Term Bond ETF stock traded down $0.05 during trading on Friday, reaching $49.87. 280,710 shares of the company traded hands, compared to its average volume of 212,748. T. Rowe Price Ultra Short-Term Bond ETF has a 1-year low of $49.61 and a 1-year high of $50.14. The company has a 50 day moving average price of $49.84 and a 200-day moving average price of $49.85. The firm has a market capitalization of $1.30 billion, a PE ratio of 34.13 and a beta of 0.03.

About T. Rowe Price Ultra Short-Term Bond ETF

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.