T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,430 shares, a drop of 39.8% from the July 15th total of 10,673 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 3,109 shares, the short-interest ratio is currently 2.1 days.
Hedge Funds Weigh In On T. Rowe Price Hedged Equity ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF in the 2nd quarter valued at $405,000. SageGuard Financial Group LLC acquired a new position in T. Rowe Price Hedged Equity ETF in the first quarter valued at about $699,000. Finally, HighTower Advisors LLC lifted its stake in T. Rowe Price Hedged Equity ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after buying an additional 3,469 shares during the period.
T. Rowe Price Hedged Equity ETF Stock Performance
T. Rowe Price Hedged Equity ETF stock traded down $0.15 during trading hours on Tuesday, reaching $30.31. 433 shares of the company’s stock traded hands, compared to its average volume of 4,932. The firm has a market capitalization of $38.49 million, a price-to-earnings ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a fifty-two week low of $26.77 and a fifty-two week high of $31.59. The firm’s 50 day moving average is $29.85 and its 200-day moving average is $29.00.
About T. Rowe Price Hedged Equity ETF
THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.
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