T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Up 89.1% in March

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 15,484 shares, a growth of 89.1% from the February 26th total of 8,190 shares. Based on an average daily trading volume, of 39,574 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

A number of large investors have recently modified their holdings of TTEQ. United Advisor Group LLC increased its holdings in T. Rowe Price Technology ETF by 1.7% during the 4th quarter. United Advisor Group LLC now owns 24,000 shares of the company’s stock worth $780,000 after acquiring an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of T. Rowe Price Technology ETF during the 2nd quarter valued at $27,000. Arax Advisory Partners bought a new position in shares of T. Rowe Price Technology ETF in the fourth quarter worth $31,000. Private Trust Co. NA purchased a new stake in shares of T. Rowe Price Technology ETF in the fourth quarter worth $39,000. Finally, Benjamin Edwards Inc. raised its position in shares of T. Rowe Price Technology ETF by 11.5% in the third quarter. Benjamin Edwards Inc. now owns 11,867 shares of the company’s stock worth $383,000 after buying an additional 1,225 shares in the last quarter.

T. Rowe Price Technology ETF Price Performance

Shares of NASDAQ:TTEQ traded down $0.50 during trading on Thursday, hitting $30.84. 6,047 shares of the company were exchanged, compared to its average volume of 55,068. T. Rowe Price Technology ETF has a 52-week low of $19.83 and a 52-week high of $35.02. The stock has a 50 day moving average of $32.22 and a 200 day moving average of $32.52. The company has a market cap of $124.90 million, a PE ratio of 36.82 and a beta of 1.84.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.