T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) Sees Significant Increase in Short Interest

T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 16,911 shares, an increase of 494.4% from the July 30th total of 2,845 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 26,513 shares, the short-interest ratio is currently 0.6 days.

T. Rowe Price International Equity Research ETF Trading Down 0.4%

NYSEARCA:TIER traded down $0.14 on Thursday, reaching $32.96. The company’s stock had a trading volume of 7,777 shares, compared to its average volume of 5,592. T. Rowe Price International Equity Research ETF has a 1-year low of $25.92 and a 1-year high of $34.49. The stock’s 50-day moving average price is $32.30. The stock has a market cap of $36.26 million, a price-to-earnings ratio of -63.38 and a beta of 0.88.

Hedge Funds Weigh In On T. Rowe Price International Equity Research ETF

A hedge fund recently raised its position in T. Rowe Price International Equity Research ETF stock. Essex Financial Services Inc. increased its holdings in shares of T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,122 shares of the company’s stock after purchasing an additional 413 shares during the quarter. Essex Financial Services Inc. owned 1.57% of T. Rowe Price International Equity Research ETF worth $402,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 75.94% of the company’s stock.