Short Interest in T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Decreases By 23.6%

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 111,007 shares, a drop of 23.6% from the February 12th total of 145,264 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 67,003 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 67,003 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the company’s shares are short sold.

T. Rowe Price Dividend Growth ETF Stock Up 0.8%

TDVG traded up $0.37 during midday trading on Monday, hitting $45.18. 53,717 shares of the company were exchanged, compared to its average volume of 69,760. The firm has a market capitalization of $1.22 billion, a P/E ratio of 24.89 and a beta of 0.86. T. Rowe Price Dividend Growth ETF has a 1-year low of $35.39 and a 1-year high of $47.45. The firm’s 50 day moving average price is $46.19 and its 200-day moving average price is $44.93.

Hedge Funds Weigh In On T. Rowe Price Dividend Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TDVG. TD Capital Management LLC bought a new stake in T. Rowe Price Dividend Growth ETF in the fourth quarter valued at approximately $32,000. Archer Investment Corp raised its holdings in T. Rowe Price Dividend Growth ETF by 192.0% during the 4th quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after purchasing an additional 670 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the 4th quarter worth approximately $54,000. Ameritas Advisory Services LLC lifted its position in shares of T. Rowe Price Dividend Growth ETF by 73.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 1,374 shares of the company’s stock worth $60,000 after purchasing an additional 583 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of T. Rowe Price Dividend Growth ETF in the 2nd quarter valued at $104,000.

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.