Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Grows By 94.4%

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 14,275 shares, an increase of 94.4% from the May 31st total of 7,344 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 7,569 shares, the days-to-cover ratio is presently 1.9 days.

T. Rowe Price Equity Income ETF Stock Performance

Shares of NYSEARCA:TEQI traded up $0.39 during trading on Wednesday, reaching $50.77. 7,165 shares of the stock were exchanged, compared to its average volume of 10,200. T. Rowe Price Equity Income ETF has a 12-month low of $41.53 and a 12-month high of $51.03. The firm has a market cap of $413.78 million, a price-to-earnings ratio of 17.60 and a beta of 0.76. The firm’s 50-day moving average price is $49.34 and its 200 day moving average price is $47.27.

Institutional Investors Weigh In On T. Rowe Price Equity Income ETF

Large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of T. Rowe Price Equity Income ETF by 21.4% during the 1st quarter. Bank of America Corp DE now owns 122,015 shares of the company’s stock valued at $5,493,000 after acquiring an additional 21,511 shares in the last quarter. Associated Banc Corp raised its position in T. Rowe Price Equity Income ETF by 4.7% in the first quarter. Associated Banc Corp now owns 37,809 shares of the company’s stock valued at $1,702,000 after purchasing an additional 1,695 shares during the period. Kestra Advisory Services LLC raised its position in T. Rowe Price Equity Income ETF by 10.6% in the first quarter. Kestra Advisory Services LLC now owns 22,245 shares of the company’s stock valued at $1,001,000 after purchasing an additional 2,134 shares during the period. Ascentis Independent Advisors acquired a new position in shares of T. Rowe Price Equity Income ETF during the first quarter worth about $457,000. Finally, Triangle Securities Wealth Management lifted its stake in shares of T. Rowe Price Equity Income ETF by 7.0% during the first quarter. Triangle Securities Wealth Management now owns 18,704 shares of the company’s stock worth $842,000 after purchasing an additional 1,221 shares in the last quarter.

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.