T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Update

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,436,790 shares, a growth of 175.3% from the May 14th total of 521,913 shares. Currently, 27.2% of the company’s stock are sold short. Based on an average daily volume of 242,830 shares, the short-interest ratio is currently 5.9 days.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of T. Rowe Price Technology ETF in the second quarter valued at approximately $27,000. Arax Advisory Partners bought a new position in shares of T. Rowe Price Technology ETF in the fourth quarter valued at approximately $31,000. Private Trust Co. NA bought a new position in shares of T. Rowe Price Technology ETF in the fourth quarter valued at approximately $39,000. Western Wealth Management LLC bought a new position in shares of T. Rowe Price Technology ETF in the first quarter valued at approximately $45,000. Finally, Essex Financial Services Inc. bought a new position in shares of T. Rowe Price Technology ETF in the third quarter valued at approximately $202,000.

T. Rowe Price Technology ETF Stock Performance

TTEQ traded up $0.31 during midday trading on Friday, reaching $42.61. 73,231 shares of the company were exchanged, compared to its average volume of 91,616. The company’s fifty day moving average price is $38.65 and its 200 day moving average price is $34.56. The company has a market cap of $224.98 million, a price-to-earnings ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a one year low of $27.16 and a one year high of $45.76.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.