T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Sees Significant Growth in Short Interest

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 23,960 shares, a growth of 218.9% from the February 12th total of 7,513 shares. Based on an average daily trading volume, of 13,997 shares, the short-interest ratio is presently 1.7 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 13,997 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC grew its stake in T. Rowe Price Equity Income ETF by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 20,111 shares of the company’s stock valued at $908,000 after purchasing an additional 223 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of T. Rowe Price Equity Income ETF by 6.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock valued at $275,000 after buying an additional 400 shares during the last quarter. CWM LLC boosted its holdings in shares of T. Rowe Price Equity Income ETF by 1.3% in the 4th quarter. CWM LLC now owns 78,261 shares of the company’s stock valued at $3,535,000 after buying an additional 981 shares during the last quarter. ORG Partners LLC grew its stake in shares of T. Rowe Price Equity Income ETF by 10.7% in the fourth quarter. ORG Partners LLC now owns 10,172 shares of the company’s stock valued at $459,000 after buying an additional 985 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its holdings in T. Rowe Price Equity Income ETF by 7.6% during the third quarter. Triangle Securities Wealth Management now owns 15,499 shares of the company’s stock worth $680,000 after buying an additional 1,089 shares during the last quarter.

T. Rowe Price Equity Income ETF Trading Down 1.3%

Shares of T. Rowe Price Equity Income ETF stock traded down $0.57 during trading hours on Thursday, reaching $45.00. 6,682 shares of the company’s stock were exchanged, compared to its average volume of 12,827. The company has a 50 day moving average of $46.73 and a two-hundred day moving average of $44.97. T. Rowe Price Equity Income ETF has a fifty-two week low of $36.21 and a fifty-two week high of $47.99. The stock has a market cap of $364.50 million, a P/E ratio of 17.60 and a beta of 0.85.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.