T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) Sees Large Decrease in Short Interest

T. Rowe Price U.S. Equity Research ETF (NYSEARCA:TSPA) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 256,898 shares, a decline of 82.0% from the May 31st total of 1,428,225 shares. Based on an average daily volume of 232,568 shares, the short-interest ratio is currently 1.1 days. Currently, 0.5% of the shares of the company are short sold.

T. Rowe Price U.S. Equity Research ETF Price Performance

NYSEARCA TSPA opened at $46.53 on Friday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 26.98 and a beta of 1.01. T. Rowe Price U.S. Equity Research ETF has a 1-year low of $38.30 and a 1-year high of $48.03. The business’s fifty day moving average price is $46.48 and its 200-day moving average price is $44.05.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in T. Rowe Price U.S. Equity Research ETF by 24.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,785,415 shares of the company’s stock worth $74,827,000 after purchasing an additional 345,164 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of T. Rowe Price U.S. Equity Research ETF by 45.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 648,407 shares of the company’s stock valued at $27,739,000 after purchasing an additional 202,349 shares during the period. Independent Financial Group LLC purchased a new stake in shares of T. Rowe Price U.S. Equity Research ETF during the 1st quarter valued at about $6,623,000. N.E.W. Advisory Services LLC increased its position in shares of T. Rowe Price U.S. Equity Research ETF by 564.3% during the 4th quarter. N.E.W. Advisory Services LLC now owns 174,154 shares of the company’s stock valued at $7,450,000 after purchasing an additional 147,936 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of T. Rowe Price U.S. Equity Research ETF by 69.2% in the 4th quarter. HighTower Advisors LLC now owns 331,383 shares of the company’s stock worth $14,177,000 after purchasing an additional 135,517 shares during the period.

About T. Rowe Price U.S. Equity Research ETF

The T. Rowe Price US Equity Research ETF (TSPA) is an exchange-traded fund. The ETF currently has 24.68m in AUM and 291 holdings. TSPA is an actively-managed, non-transparent fund that seeks long-term capital growth by investing in US-listed companies selected and weighted similar to the S&P 500 Index The fund utilizes the T TSPA was launched on Jun 8, 2021 and is managed by T. Rowe Price.