T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Short Interest Up 85.7% in July

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 30,084 shares, a growth of 85.7% from the June 30th total of 16,198 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 32,303 shares, the short-interest ratio is presently 0.9 days.

T. Rowe Price Equity Income ETF Stock Performance

Shares of TEQI stock traded up $0.30 during trading hours on Friday, hitting $52.08. 2,893 shares of the company were exchanged, compared to its average volume of 13,549. The company has a 50 day simple moving average of $50.56 and a two-hundred day simple moving average of $48.17. The firm has a market cap of $460.91 million, a P/E ratio of 17.60 and a beta of 0.76. T. Rowe Price Equity Income ETF has a fifty-two week low of $41.53 and a fifty-two week high of $52.47.

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

A number of large investors have recently bought and sold shares of TEQI. Arax Advisory Partners acquired a new position in shares of T. Rowe Price Equity Income ETF during the fourth quarter valued at about $53,000. Empowered Funds LLC acquired a new stake in shares of T. Rowe Price Equity Income ETF in the 4th quarter valued at about $130,000. NewEdge Advisors LLC bought a new stake in T. Rowe Price Equity Income ETF in the 3rd quarter valued at about $450,000. Ascentis Independent Advisors bought a new stake in T. Rowe Price Equity Income ETF in the 1st quarter valued at about $457,000. Finally, Integrity Alliance LLC. acquired a new position in T. Rowe Price Equity Income ETF during the 4th quarter worth approximately $460,000.

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.