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

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 63,164 shares, a decline of 44.2% from the February 26th total of 113,160 shares. Based on an average trading volume of 136,094 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

T. Rowe Price Blue Chip Growth ETF Stock Down 2.4%

Shares of NYSEARCA:TCHP traded down $1.04 during midday trading on Friday, hitting $42.63. 103,182 shares of the stock traded hands, compared to its average volume of 238,052. The stock has a market capitalization of $1.60 billion, a PE ratio of 37.14 and a beta of 1.15. The business’s 50 day moving average is $46.91 and its two-hundred day moving average is $48.52. T. Rowe Price Blue Chip Growth ETF has a one year low of $32.67 and a one year high of $51.77.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in T. Rowe Price Blue Chip Growth ETF by 1,133.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 34,877 shares of the company’s stock valued at $1,739,000 after purchasing an additional 32,050 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 152.5% in the 4th quarter. NewEdge Advisors LLC now owns 85,994 shares of the company’s stock worth $4,288,000 after buying an additional 51,943 shares during the last quarter. VestGen Advisors LLC purchased a new position in shares of T. Rowe Price Blue Chip Growth ETF during the fourth quarter valued at approximately $893,000. Maia Wealth LLC increased its stake in shares of T. Rowe Price Blue Chip Growth ETF by 14.2% during the fourth quarter. Maia Wealth LLC now owns 64,057 shares of the company’s stock valued at $2,982,000 after buying an additional 7,976 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 3,570,939 shares of the company’s stock valued at $178,047,000 after acquiring an additional 189,906 shares in the last quarter.

About T. Rowe Price Blue Chip Growth ETF

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.