T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 789 shares, a drop of 87.7% from the July 30th total of 6,430 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 5,172 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On T. Rowe Price Hedged Equity ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in T. Rowe Price Hedged Equity ETF during the second quarter worth about $405,000. SageGuard Financial Group LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF during the 1st quarter worth approximately $699,000. Finally, HighTower Advisors LLC lifted its stake in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after purchasing an additional 3,469 shares during the period.
T. Rowe Price Hedged Equity ETF Price Performance
Shares of T. Rowe Price Hedged Equity ETF stock traded up $0.14 during trading on Thursday, hitting $30.45. The stock had a trading volume of 1,042 shares, compared to its average volume of 4,795. T. Rowe Price Hedged Equity ETF has a 12 month low of $26.77 and a 12 month high of $31.59. The stock has a market cap of $38.67 million, a PE ratio of 24.54 and a beta of 0.66. The firm’s fifty day simple moving average is $29.95 and its 200-day simple moving average is $29.09.
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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