T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) Short Interest Up 301.9% in April

T. Rowe Price Ultra Short-Term Bond ETF (NYSEARCA:TBUX) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 100,838 shares, a growth of 301.9% from the April 15th total of 25,092 shares. Based on an average trading volume of 138,687 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

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

NYSEARCA:TBUX traded up $0.02 during midday trading on Wednesday, reaching $49.87. 147,495 shares of the stock traded hands, compared to its average volume of 195,968. T. Rowe Price Ultra Short-Term Bond ETF has a 12-month low of $49.59 and a 12-month high of $50.05. The business has a 50-day moving average of $49.83 and a two-hundred day moving average of $49.87. The stock has a market capitalization of $1.10 billion, a PE ratio of 34.13 and a beta of 0.03.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 1.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 13,922 shares of the company’s stock worth $694,000 after purchasing an additional 203 shares during the last quarter. World Investment Advisors raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 3.3% during the first quarter. World Investment Advisors now owns 7,166 shares of the company’s stock worth $357,000 after purchasing an additional 230 shares during the last quarter. United Advisor Group LLC raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 1.9% during the fourth quarter. United Advisor Group LLC now owns 18,077 shares of the company’s stock worth $901,000 after purchasing an additional 339 shares during the last quarter. Old Port Advisors raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 4.9% during the fourth quarter. Old Port Advisors now owns 7,340 shares of the company’s stock worth $366,000 after purchasing an additional 340 shares during the last quarter. Finally, Altfest L J & Co. Inc. raised its holdings in shares of T. Rowe Price Ultra Short-Term Bond ETF by 11.0% during the fourth quarter. Altfest L J & Co. Inc. now owns 5,027 shares of the company’s stock worth $251,000 after purchasing an additional 500 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.