Short Interest in T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) Drops By 94.8%

T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 407 shares, a decline of 94.8% from the May 14th total of 7,839 shares. Based on an average daily volume of 3,411 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On T. Rowe Price International Equity Research ETF

A hedge fund recently raised its stake in T. Rowe Price International Equity Research ETF stock. Essex Financial Services Inc. boosted its stake in shares of T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,122 shares of the company’s stock after purchasing an additional 413 shares during the quarter. Essex Financial Services Inc. owned about 1.57% of T. Rowe Price International Equity Research ETF worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 75.94% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price International Equity Research ETF Price Performance

Shares of NYSEARCA:TIER traded up $0.98 during trading hours on Thursday, hitting $31.99. The company’s stock had a trading volume of 201 shares, compared to its average volume of 3,212. T. Rowe Price International Equity Research ETF has a 52 week low of $25.03 and a 52 week high of $34.49. The company’s fifty day moving average is $31.24. The firm has a market capitalization of $28.79 million, a P/E ratio of -61.52 and a beta of 1.67.