T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Up 288.8% in August

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,068 shares, an increase of 288.8% from the August 15th total of 789 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,533 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of 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 worth $4,881,000 after buying an additional 3,469 shares in the last quarter. SageGuard Financial Group LLC bought a new stake in shares of T. Rowe Price Hedged Equity ETF in the first quarter valued at about $699,000. Finally, Jane Street Group LLC lifted its stake in T. Rowe Price Hedged Equity ETF by 70.0% in the fourth quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock worth $650,000 after acquiring an additional 9,557 shares during the period.

T. Rowe Price Hedged Equity ETF Trading Up 0.7%

Shares of NYSEARCA THEQ traded up $0.21 during trading hours on Friday, reaching $30.13. The stock had a trading volume of 1,002 shares, compared to its average volume of 5,014. The firm has a market cap of $38.27 million, a price-to-earnings ratio of 24.54 and a beta of 0.66. The business’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $29.25. T. Rowe Price Hedged Equity ETF has a 52-week low of $26.77 and a 52-week high of $31.59.

About T. Rowe Price Hedged Equity ETF

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.