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

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,592 shares, a decrease of 33.9% from the July 30th total of 20,575 shares. Based on an average trading volume of 17,918 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

T. Rowe Price Equity Income ETF Stock Up 0.6%

Shares of TEQI opened at $52.60 on Thursday. T. Rowe Price Equity Income ETF has a twelve month low of $42.44 and a twelve month high of $53.26. The stock has a market capitalization of $467.61 million, a P/E ratio of 17.60 and a beta of 0.76. The company has a 50 day moving average of $51.85 and a 200-day moving average of $49.16.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. M Holdings Securities Inc. bought a new stake in T. Rowe Price Equity Income ETF during the 4th quarter worth about $2,201,000. Integrity Alliance LLC. acquired a new position in shares of T. Rowe Price Equity Income ETF during the 4th quarter worth about $460,000. Bank of America Corp DE grew its holdings in shares of T. Rowe Price Equity Income ETF by 21.4% in the 1st quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock valued at $5,493,000 after acquiring an additional 21,511 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of T. Rowe Price Equity Income ETF in the 1st quarter valued at about $457,000. Finally, Associated Banc Corp bought a new position in shares of T. Rowe Price Equity Income ETF in the 4th quarter valued at about $1,631,000.

T. Rowe Price Equity Income ETF Company Profile

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.