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

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 25,507 shares, a growth of 87.7% from the August 15th total of 13,592 shares. Based on an average daily trading volume, of 14,334 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On T. Rowe Price Equity Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. M Holdings Securities Inc. acquired a new position in shares of T. Rowe Price Equity Income ETF during the 4th quarter worth approximately $2,201,000. Integrity Alliance LLC. acquired a new position in T. Rowe Price Equity Income ETF during the fourth quarter worth $460,000. Bank of America Corp DE grew its holdings in 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 buying an additional 21,511 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in T. Rowe Price Equity Income ETF in the 1st quarter valued at $457,000. Finally, Associated Banc Corp acquired a new stake in shares of T. Rowe Price Equity Income ETF in the 4th quarter worth $1,631,000.

T. Rowe Price Equity Income ETF Price Performance

NYSEARCA TEQI traded up $0.31 during mid-day trading on Thursday, hitting $52.12. The stock had a trading volume of 12,230 shares, compared to its average volume of 15,561. The firm’s 50 day moving average is $52.18 and its 200 day moving average is $49.50. The stock has a market capitalization of $521.15 million, a price-to-earnings ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a twelve month low of $42.44 and a twelve month high of $53.35.

About T. Rowe Price Equity Income ETF

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.