Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Decreases By 55.1%

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 7,344 shares, a decrease of 55.1% from the May 14th total of 16,355 shares. Based on an average daily trading volume, of 8,495 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

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

A number of institutional investors have recently bought and sold shares of TEQI. Price T Rowe Associates Inc. MD raised its stake in T. Rowe Price Equity Income ETF by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,184,954 shares of the company’s stock worth $143,865,000 after buying an additional 530,853 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in T. Rowe Price Equity Income ETF in the fourth quarter worth about $17,717,000. M Holdings Securities Inc. purchased a new stake in T. Rowe Price Equity Income ETF in the fourth quarter worth about $2,201,000. Associated Banc Corp purchased a new stake in T. Rowe Price Equity Income ETF in the fourth quarter worth about $1,631,000. Finally, Bank of America Corp DE grew its holdings in T. Rowe Price Equity Income ETF by 21.4% in the first quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock worth $5,493,000 after purchasing an additional 21,511 shares during the period.

T. Rowe Price Equity Income ETF Price Performance

TEQI stock traded up $0.55 during trading on Friday, reaching $50.49. The company had a trading volume of 2,050 shares, compared to its average volume of 10,421. T. Rowe Price Equity Income ETF has a 52 week low of $41.53 and a 52 week high of $50.58. The company has a market cap of $411.49 million, a P/E ratio of 17.60 and a beta of 0.76. The business has a 50 day moving average of $48.37 and a 200 day moving average of $46.75.

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.