T. Rowe Price Value ETF (NYSEARCA:TVAL) Sees Large Decline in Short Interest

T. Rowe Price Value ETF (NYSEARCA:TVAL) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 13,038 shares, a drop of 42.3% from the April 15th total of 22,610 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 48,026 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On T. Rowe Price Value ETF

Several large investors have recently modified their holdings of TVAL. Root Financial Partners LLC bought a new position in shares of T. Rowe Price Value ETF during the third quarter valued at $53,000. Jones Financial Companies Lllp raised its stake in shares of T. Rowe Price Value ETF by 259.5% during the third quarter. Jones Financial Companies Lllp now owns 7,101 shares of the company’s stock valued at $242,000 after acquiring an additional 5,126 shares during the last quarter. GeoWealth Management LLC bought a new position in shares of T. Rowe Price Value ETF during the fourth quarter valued at $258,000. Jane Street Group LLC bought a new position in shares of T. Rowe Price Value ETF during the second quarter valued at $283,000. Finally, Dahring Cusmano LLC bought a new position in T. Rowe Price Value ETF during the third quarter worth $308,000.

T. Rowe Price Value ETF Stock Up 0.4%

Shares of TVAL stock traded up $0.16 during trading hours on Monday, hitting $40.08. 58,131 shares of the company’s stock traded hands, compared to its average volume of 64,846. The stock’s 50 day simple moving average is $37.79 and its 200 day simple moving average is $36.62. The stock has a market cap of $695.39 million, a PE ratio of 20.80 and a beta of 0.82. T. Rowe Price Value ETF has a 12 month low of $31.10 and a 12 month high of $40.52.

T. Rowe Price Value ETF Company Profile

The T. Rowe Price Value ETF (TVAL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TVAL is an actively managed fund of attractively valued US large-capitalization companies having the potential for stock price appreciation as perceived by the fund adviser