Short Interest in T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Rises By 139.7%

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 10,673 shares, a growth of 139.7% from the June 30th total of 4,453 shares. Based on an average daily volume of 3,037 shares, the short-interest ratio is currently 3.5 days. Approximately 0.9% of the company’s stock are short sold.

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

Hedge funds have recently bought and sold shares of the company. SageGuard Financial Group LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF in the first quarter worth $699,000. DAVENPORT & Co LLC acquired a new stake in shares of T. Rowe Price Hedged Equity ETF during the 4th quarter valued at about $354,000. HighTower Advisors LLC grew 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 purchasing an additional 3,469 shares during the period. Finally, Jane Street Group LLC bought a new stake in T. Rowe Price Hedged Equity ETF in the second quarter valued at $405,000.

T. Rowe Price Hedged Equity ETF Price Performance

THEQ opened at $29.54 on Tuesday. The business has a 50-day moving average of $29.73 and a 200-day moving average of $28.79. T. Rowe Price Hedged Equity ETF has a fifty-two week low of $26.36 and a fifty-two week high of $31.59. The company has a market capitalization of $36.92 million, a PE ratio of 24.54 and a beta of 0.65.

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.