Short Interest in T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Drops By 60.2%

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,461 shares, a decrease of 60.2% from the February 26th total of 6,182 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 58,831 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On T. Rowe Price U.S. High Yield ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THYF. AdvisorNet Financial Inc boosted its position in T. Rowe Price U.S. High Yield ETF by 3.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 14,813 shares of the company’s stock valued at $777,000 after buying an additional 518 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of T. Rowe Price U.S. High Yield ETF during the first quarter worth about $28,000. Intergy Private Wealth LLC increased its position in shares of T. Rowe Price U.S. High Yield ETF by 2.7% during the third quarter. Intergy Private Wealth LLC now owns 29,979 shares of the company’s stock worth $1,572,000 after acquiring an additional 786 shares during the last quarter. PFG Advisors lifted its stake in shares of T. Rowe Price U.S. High Yield ETF by 3.2% in the fourth quarter. PFG Advisors now owns 30,552 shares of the company’s stock worth $1,597,000 after acquiring an additional 960 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of T. Rowe Price U.S. High Yield ETF by 16.2% in the third quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock worth $585,000 after acquiring an additional 1,556 shares in the last quarter.

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

Shares of NYSEARCA:THYF opened at $51.25 on Thursday. The company has a market capitalization of $777.98 million, a price-to-earnings ratio of 20.41 and a beta of 0.40. The company has a 50 day moving average of $52.05 and a two-hundred day moving average of $52.24. T. Rowe Price U.S. High Yield ETF has a 52-week low of $49.03 and a 52-week high of $52.98.

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

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were issued a dividend of $0.2925 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from T. Rowe Price U.S. High Yield ETF’s previous monthly dividend of $0.27.

About T. Rowe Price U.S. High Yield ETF

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.