T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Large Increase in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 29,705 shares, an increase of 136.9% from the October 15th total of 12,541 shares. Based on an average daily trading volume, of 161,499 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of T. Rowe Price Blue Chip Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC boosted its holdings in T. Rowe Price Blue Chip Growth ETF by 57.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 26,816 shares of the company’s stock worth $1,379,000 after buying an additional 9,740 shares during the period. Essex Financial Services Inc. bought a new stake in T. Rowe Price Blue Chip Growth ETF during the third quarter valued at about $1,540,000. Meeder Advisory Services Inc. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at about $272,000. Benjamin Edwards Inc. purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at about $5,522,000. Finally, Private Advisor Group LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF in the third quarter valued at about $954,000.

T. Rowe Price Blue Chip Growth ETF Trading Down 1.0%

T. Rowe Price Blue Chip Growth ETF stock traded down $0.46 during trading on Friday, reaching $47.47. The company had a trading volume of 143,389 shares, compared to its average volume of 215,520. The firm’s 50-day simple moving average is $50.19 and its 200 day simple moving average is $49.23. T. Rowe Price Blue Chip Growth ETF has a 52 week low of $42.26 and a 52 week high of $53.26. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 25.74 and a beta of 1.21.

T. Rowe Price Blue Chip Growth ETF Company Profile

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.