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 growth in short interest during the month of June. As of June 30th, there was short interest totaling 15,394 shares, a growth of 83.8% from the June 15th total of 8,377 shares. Based on an average daily trading volume, of 66,044 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

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

Shares of THYF opened at $51.72 on Friday. The stock has a market capitalization of $850.79 million, a P/E ratio of 20.41 and a beta of 0.35. T. Rowe Price U.S. High Yield ETF has a twelve month low of $50.43 and a twelve month high of $52.98. The firm has a fifty day simple moving average of $51.68 and a two-hundred day simple moving average of $51.85.

Hedge Funds Weigh In On T. Rowe Price U.S. High Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Souders Financial Advisors boosted its holdings in shares of T. Rowe Price U.S. High Yield ETF by 4.3% during the fourth quarter. Souders Financial Advisors now owns 183,391 shares of the company’s stock worth $9,583,000 after purchasing an additional 7,552 shares during the period. N.E.W. Advisory Services LLC increased its holdings in T. Rowe Price U.S. High Yield ETF by 564.0% during the 4th 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 during the period. Cetera Investment Advisers increased its holdings in T. Rowe Price U.S. High Yield ETF by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 75,255 shares of the company’s stock valued at $3,838,000 after purchasing an additional 4,142 shares during the period. Intergy Private Wealth LLC raised its position in T. Rowe Price U.S. High Yield ETF by 6.2% during the 1st quarter. Intergy Private Wealth LLC now owns 31,814 shares of the company’s stock valued at $1,623,000 after purchasing an additional 1,844 shares during the last quarter. Finally, PFG Advisors raised its position in T. Rowe Price U.S. High Yield ETF by 3.2% during the 4th quarter. PFG Advisors now owns 30,552 shares of the company’s stock valued at $1,597,000 after purchasing an additional 960 shares during the last quarter.

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.