T. Rowe Price Technology ETF (NASDAQ:TTEQ – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 29,965 shares, a drop of 73.0% from the September 30th total of 110,999 shares. Based on an average trading volume of 125,431 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.
T. Rowe Price Technology ETF Stock Down 5.3%
Shares of T. Rowe Price Technology ETF stock opened at $39.02 on Friday. The stock’s fifty day moving average is $42.55 and its two-hundred day moving average is $38.59. T. Rowe Price Technology ETF has a 52 week low of $28.69 and a 52 week high of $46.42. The company has a market capitalization of $459.24 million, a PE ratio of 36.82 and a beta of 1.84.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TTEQ. Integrity Wealth Partners LLC bought a new position in T. Rowe Price Technology ETF in the 1st quarter worth about $1,212,000. Kestra Advisory Services LLC increased its position in shares of T. Rowe Price Technology ETF by 573.6% during the first quarter. Kestra Advisory Services LLC now owns 42,102 shares of the company’s stock worth $1,274,000 after acquiring an additional 35,852 shares during the period. Independent Financial Group LLC purchased a new position in shares of T. Rowe Price Technology ETF during the first quarter worth approximately $702,000. Sax Wealth Advisors LLC bought a new stake in shares of T. Rowe Price Technology ETF during the third quarter valued at approximately $286,000. Finally, Cetera Investment Advisers raised its stake in shares of T. Rowe Price Technology ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock valued at $882,000 after acquiring an additional 3,384 shares in the last quarter.
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.
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