T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Sees Unusually-High Trading Volume – Time to Buy?

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) shares saw unusually-high trading volume on Monday . Approximately 949,508 shares changed hands during mid-day trading, an increase of 323% from the previous session’s volume of 224,489 shares.The stock last traded at $49.79 and had previously closed at $49.78.

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

The business’s 50 day moving average price is $49.85 and its 200-day moving average price is $49.85. The company has a market cap of $1.30 billion, a P/E ratio of 34.13 and a beta of 0.03.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TBUX. Integrated Wealth Concepts LLC bought a new position in shares of T. Rowe Price Ultra Short-Term Bond ETF in the 1st quarter valued at about $448,000. NewEdge Advisors LLC bought a new position in T. Rowe Price Ultra Short-Term Bond ETF in the first quarter valued at approximately $496,000. Raymond James Financial Inc. boosted its stake in T. Rowe Price Ultra Short-Term Bond ETF by 22.2% in the 2nd quarter. Raymond James Financial Inc. now owns 920,451 shares of the company’s stock worth $45,783,000 after purchasing an additional 167,250 shares during the period. Jane Street Group LLC boosted its position in shares of T. Rowe Price Ultra Short-Term Bond ETF by 163.0% during the second quarter. Jane Street Group LLC now owns 83,368 shares of the company’s stock worth $4,147,000 after buying an additional 51,669 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in T. Rowe Price Ultra Short-Term Bond ETF by 18.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 13,100 shares of the company’s stock worth $652,000 after acquiring an additional 1,999 shares during the last quarter.

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.