Short Interest in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Increases By 49.9%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 121,900 shares, an increase of 49.9% from the May 15th total of 81,300 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 66,500 shares, the short-interest ratio is currently 1.8 days.

T. Rowe Price Dividend Growth ETF Stock Up 0.4%

TDVG traded up $0.18 during trading on Monday, hitting $41.61. The company had a trading volume of 36,662 shares, compared to its average volume of 85,869. T. Rowe Price Dividend Growth ETF has a one year low of $35.39 and a one year high of $42.14. The company has a market capitalization of $837.19 million, a PE ratio of 25.05 and a beta of 0.87. The firm’s 50-day moving average price is $40.16 and its 200 day moving average price is $40.44.

Institutional Trading of T. Rowe Price Dividend Growth ETF

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of T. Rowe Price Dividend Growth ETF by 35.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,525,001 shares of the company’s stock worth $60,375,000 after acquiring an additional 400,000 shares during the last quarter. Bank of America Corp DE grew its holdings in T. Rowe Price Dividend Growth ETF by 2.4% during the fourth quarter. Bank of America Corp DE now owns 1,176,882 shares of the company’s stock valued at $46,593,000 after purchasing an additional 27,704 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of T. Rowe Price Dividend Growth ETF by 13.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,146,872 shares of the company’s stock worth $46,334,000 after purchasing an additional 140,058 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in T. Rowe Price Dividend Growth ETF by 3.2% during the first quarter. Commonwealth Equity Services LLC now owns 494,353 shares of the company’s stock valued at $19,972,000 after buying an additional 15,321 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in T. Rowe Price Dividend Growth ETF by 3.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 328,728 shares of the company’s stock valued at $13,014,000 after purchasing an additional 10,971 shares during the period.

About T. Rowe Price Dividend Growth ETF

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.