T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) Stock Short Interest Report for September

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ:TAXE) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 193,109 shares, an increase of 675.6% from the September 15th total of 24,898 shares. Based on an average trading volume of 187,162 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.3% of the shares of the company are short sold.

Institutional Trading of T. Rowe Price Intermediate Municipal Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. purchased a new stake in shares of T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter valued at approximately $7,919,000. Cetera Investment Advisers bought a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 1st quarter valued at $2,279,000. KFG Wealth Management LLC bought a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter valued at $623,000. Integrated Wealth Concepts LLC bought a new stake in T. Rowe Price Intermediate Municipal Income ETF during the 2nd quarter valued at $424,000. Finally, Private Advisor Group LLC lifted its position in shares of T. Rowe Price Intermediate Municipal Income ETF by 35.8% during the first quarter. Private Advisor Group LLC now owns 8,150 shares of the company’s stock worth $413,000 after acquiring an additional 2,150 shares in the last quarter.

T. Rowe Price Intermediate Municipal Income ETF Trading Up 0.2%

T. Rowe Price Intermediate Municipal Income ETF stock traded up $0.12 during midday trading on Friday, reaching $48.64. The stock had a trading volume of 149,603 shares, compared to its average volume of 39,260. T. Rowe Price Intermediate Municipal Income ETF has a 12 month low of $48.04 and a 12 month high of $52.03. The firm’s 50-day moving average price is $49.73 and its 200 day moving average price is $50.58.

T. Rowe Price Intermediate Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 25th were given 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 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, September 25th.

T. Rowe Price Intermediate Municipal Income ETF Company Profile

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.