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

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 7,328 shares, an increase of 188.5% from the December 15th total of 2,540 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 12,557 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 12,557 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

T. Rowe Price Equity Income ETF Stock Up 0.5%

TEQI stock traded up $0.24 during midday trading on Thursday, reaching $46.58. The company had a trading volume of 1,863 shares, compared to its average volume of 20,163. The firm has a market capitalization of $380.13 million, a PE ratio of 17.60 and a beta of 0.85. T. Rowe Price Equity Income ETF has a fifty-two week low of $36.21 and a fifty-two week high of $46.52. The stock has a 50 day moving average price of $44.74 and a 200 day moving average price of $43.82.

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

Institutional investors have recently modified their holdings of the company. Glass Jacobson Investment Advisors llc boosted its stake in T. Rowe Price Equity Income ETF by 105.7% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 4,617 shares of the company’s stock valued at $196,000 after purchasing an additional 2,373 shares during the period. Ethos Financial Group LLC acquired a new position in shares of T. Rowe Price Equity Income ETF during the second quarter worth approximately $245,000. J.W. Cole Advisors Inc. grew its holdings in T. Rowe Price Equity Income ETF by 6.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,458 shares of the company’s stock worth $275,000 after buying an additional 400 shares in the last quarter. ORG Partners LLC acquired a new stake in T. Rowe Price Equity Income ETF in the 3rd quarter valued at approximately $403,000. Finally, NewEdge Advisors LLC acquired a new stake in T. Rowe Price Equity Income ETF in the third quarter worth about $450,000.

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.