T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 4,796 shares, a drop of 52.3% from the May 31st total of 10,061 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 12,052 shares, the days-to-cover ratio is currently 0.4 days.
T. Rowe Price Hedged Equity ETF Trading Up 0.7%
NYSEARCA THEQ traded up $0.20 during trading on Tuesday, reaching $29.88. The company’s stock had a trading volume of 23,303 shares, compared to its average volume of 5,327. The stock has a market capitalization of $32.87 million, a PE ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a 1-year low of $26.27 and a 1-year high of $31.59. The business has a 50-day moving average price of $29.49 and a 200-day moving average price of $28.56.
Hedge Funds Weigh In On T. Rowe Price Hedged Equity ETF
Hedge funds have recently bought and sold shares of the business. SageGuard Financial Group LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF in the first quarter worth about $699,000. Jane Street Group LLC acquired a new position in shares of T. Rowe Price Hedged Equity ETF during the 2nd quarter valued at about $405,000. DAVENPORT & Co LLC bought a new position in shares of T. Rowe Price Hedged Equity ETF in the 4th quarter valued at approximately $354,000. Finally, HighTower Advisors LLC raised its stake in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after acquiring an additional 3,469 shares in the last quarter.
About T. Rowe Price Hedged Equity ETF
THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.
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