T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Update

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 7,344 shares, a decrease of 55.1% from the May 14th total of 16,355 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,495 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On T. Rowe Price Equity Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in T. Rowe Price Equity Income ETF by 11.4% during the 1st quarter. Royal Bank of Canada now owns 17,424 shares of the company’s stock valued at $730,000 after purchasing an additional 1,782 shares during the period. NewEdge Advisors LLC acquired a new position in T. Rowe Price Equity Income ETF during the 1st quarter valued at approximately $616,000. Bank of America Corp DE boosted its position in T. Rowe Price Equity Income ETF by 21.8% during the 3rd quarter. Bank of America Corp DE now owns 84,978 shares of the company’s stock valued at $3,727,000 after purchasing an additional 15,219 shares during the period. Triangle Securities Wealth Management boosted its position in T. Rowe Price Equity Income ETF by 12.8% during the 4th quarter. Triangle Securities Wealth Management now owns 17,483 shares of the company’s stock valued at $790,000 after purchasing an additional 1,984 shares during the period. Finally, Lantz Financial LLC boosted its position in T. Rowe Price Equity Income ETF by 10.2% during the 4th quarter. Lantz Financial LLC now owns 110,219 shares of the company’s stock valued at $4,979,000 after purchasing an additional 10,212 shares during the period.

T. Rowe Price Equity Income ETF Trading Up 0.4%

TEQI traded up $0.22 on Monday, hitting $50.71. 7,093 shares of the company’s stock were exchanged, compared to its average volume of 10,391. The firm has a market cap of $413.29 million, a PE ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a twelve month low of $41.53 and a twelve month high of $50.91. The stock has a fifty day moving average of $48.48 and a two-hundred day moving average of $46.82.

About T. Rowe Price Equity Income ETF

The T. Rowe Price Equity Income ETF (TEQI) is an exchange-traded fund that is based on the Russell 1000 Value index. The ETF currently has 106.18m in AUM and 111 holdings. TEQI is an actively-managed, non-transparent fund of global large-cap companies that are positioned to outperform the Russell 1000 Value Index TEQI was launched on Aug 4, 2020 and is managed by T. Rowe Price.