T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,796 shares, a drop of 52.3% from the May 31st total of 10,061 shares. Based on an average daily volume of 12,052 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.
Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF
A number of hedge funds have recently bought and sold shares of the company. DAVENPORT & Co LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF in the fourth quarter valued at about $354,000. Jane Street Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF during the 2nd quarter worth about $405,000. SageGuard Financial Group LLC bought a new stake in T. Rowe Price Hedged Equity ETF during the 1st quarter valued at approximately $699,000. Finally, HighTower Advisors LLC boosted its stake in T. Rowe Price Hedged Equity ETF by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after purchasing an additional 3,469 shares during the period.
T. Rowe Price Hedged Equity ETF Price Performance
Shares of NYSEARCA THEQ traded up $0.20 during trading hours on Tuesday, hitting $29.88. 23,303 shares of the stock were exchanged, compared to its average volume of 5,327. The company’s 50 day moving average is $29.49 and its 200 day moving average is $28.56. The firm has a market capitalization of $32.87 million, a P/E ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a one year low of $26.27 and a one year high of $31.59.
T. Rowe Price Hedged Equity ETF Company Profile
THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.
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