T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Sees Large Growth in Short Interest

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 15,394 shares, an increase of 83.8% from the June 15th total of 8,377 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 66,044 shares, the days-to-cover ratio is presently 0.2 days.

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

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in T. Rowe Price U.S. High Yield ETF during the 1st quarter worth approximately $28,000. Regal Investment Advisors LLC bought a new stake in T. Rowe Price U.S. High Yield ETF in the fourth quarter valued at approximately $293,000. Tactive Advisors LLC bought a new stake in T. Rowe Price U.S. High Yield ETF in the fourth quarter valued at approximately $394,000. Envestnet Asset Management Inc. boosted its stake in shares of T. Rowe Price U.S. High Yield ETF by 16.2% during the third quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock valued at $585,000 after purchasing an additional 1,556 shares during the period. Finally, Vines Capital Management LLC purchased a new stake in shares of T. Rowe Price U.S. High Yield ETF during the fourth quarter valued at approximately $712,000.

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

NYSEARCA THYF opened at $51.72 on Friday. The company has a 50-day simple moving average of $51.68 and a two-hundred day simple moving average of $51.85. T. Rowe Price U.S. High Yield ETF has a 12-month low of $50.43 and a 12-month high of $52.98. The firm has a market cap of $850.79 million, a price-to-earnings ratio of 20.41 and a beta of 0.35.

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.