Short Interest in T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Drops By 52.1%

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 50,664 shares, a drop of 52.1% from the July 30th total of 105,671 shares. Based on an average daily trading volume, of 460,107 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of T. Rowe Price Small-Mid Cap ETF

A number of institutional investors have recently made changes to their positions in TMSL. Jane Street Group LLC acquired a new stake in shares of T. Rowe Price Small-Mid Cap ETF in the first quarter valued at about $698,000. IHT Wealth Management LLC acquired a new position in T. Rowe Price Small-Mid Cap ETF during the second quarter valued at approximately $334,000. Captrust Financial Advisors grew its stake in T. Rowe Price Small-Mid Cap ETF by 55.0% in the second quarter. Captrust Financial Advisors now owns 848,317 shares of the company’s stock valued at $27,825,000 after purchasing an additional 300,967 shares in the last quarter. Corient Private Wealth LLC grew its stake in T. Rowe Price Small-Mid Cap ETF by 3.6% in the second quarter. Corient Private Wealth LLC now owns 236,612 shares of the company’s stock valued at $7,761,000 after purchasing an additional 8,222 shares in the last quarter. Finally, Natixis Advisors LLC bought a new position in T. Rowe Price Small-Mid Cap ETF in the third quarter valued at approximately $426,000.

T. Rowe Price Small-Mid Cap ETF Stock Performance

NYSEARCA TMSL traded down $0.67 during trading on Friday, hitting $42.84. The stock had a trading volume of 285,082 shares, compared to its average volume of 395,693. T. Rowe Price Small-Mid Cap ETF has a 12 month low of $33.48 and a 12 month high of $44.77. The company’s 50-day moving average price is $43.35 and its two-hundred day moving average price is $40.83. The company has a market capitalization of $2.76 billion, a PE ratio of 18.92 and a beta of 1.09.

About T. Rowe Price Small-Mid Cap ETF

The T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on extended market equity. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics