T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Short Interest Up 104.0% in March

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 5,021 shares, a growth of 104.0% from the March 15th total of 2,461 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 8,166 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of T. Rowe Price U.S. High Yield ETF

Several hedge funds have recently made changes to their positions in the company. Vines Capital Management LLC bought a new stake in shares of T. Rowe Price U.S. High Yield ETF in the fourth quarter valued at $712,000. Cetera Investment Advisers grew its position in shares of T. Rowe Price U.S. High Yield ETF by 6.7% in the fourth quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock valued at $3,716,000 after purchasing an additional 4,441 shares in the last quarter. Regal Investment Advisors LLC purchased a new position in shares of T. Rowe Price U.S. High Yield ETF in the fourth quarter valued at $293,000. Souders Financial Advisors grew its position in shares of T. Rowe Price U.S. High Yield ETF by 4.3% in the fourth quarter. Souders Financial Advisors now owns 183,391 shares of the company’s stock valued at $9,583,000 after purchasing an additional 7,552 shares in the last quarter. Finally, N.E.W. Advisory Services LLC grew its position in shares of T. Rowe Price U.S. High Yield ETF by 564.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 141,870 shares of the company’s stock valued at $7,413,000 after purchasing an additional 120,503 shares in the last quarter.

T. Rowe Price U.S. High Yield ETF Stock Up 0.2%

T. Rowe Price U.S. High Yield ETF stock traded up $0.12 during mid-day trading on Monday, reaching $51.75. 12,380 shares of the company’s stock were exchanged, compared to its average volume of 16,987. The business’s fifty day simple moving average is $51.74 and its 200 day simple moving average is $52.11. The firm has a market capitalization of $812.48 million, a PE ratio of 20.41 and a beta of 0.39. T. Rowe Price U.S. High Yield ETF has a one year low of $50.02 and a one year high of $52.98.

T. Rowe Price U.S. High Yield ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 24th were paid a $0.2925 dividend. The ex-dividend date was Tuesday, February 24th. This is a boost from T. Rowe Price U.S. High Yield ETF’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 6.8%.

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.