Short Interest in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Grows By 69.2%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 79,679 shares, a growth of 69.2% from the July 30th total of 47,082 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 39,739 shares, the short-interest ratio is presently 2.0 days.

T. Rowe Price Dividend Growth ETF Stock Down 0.3%

Shares of T. Rowe Price Dividend Growth ETF stock traded down $0.14 during trading hours on Tuesday, hitting $49.70. The company’s stock had a trading volume of 31,016 shares, compared to its average volume of 59,629. T. Rowe Price Dividend Growth ETF has a 1-year low of $42.82 and a 1-year high of $50.90. The company has a market capitalization of $1.42 billion, a PE ratio of 24.89 and a beta of 0.79. The business has a fifty day moving average of $49.71 and a 200 day moving average of $47.76.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. TD Capital Management LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter valued at approximately $32,000. Cornerstone Planning Group LLC bought a new position in T. Rowe Price Dividend Growth ETF during the 1st quarter valued at $34,000. International Assets Investment Management LLC acquired a new position in T. Rowe Price Dividend Growth ETF during the 4th quarter worth $54,000. Arax Advisory Partners acquired a new position in T. Rowe Price Dividend Growth ETF during the 4th quarter worth $106,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of T. Rowe Price Dividend Growth ETF in the 2nd quarter valued at about $159,000.

T. Rowe Price Dividend Growth ETF Company Profile

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.