T. Rowe Price Growth ETF (NYSEARCA:TGRT) Sees Large Drop in Short Interest

T. Rowe Price Growth ETF (NYSEARCA:TGRT) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 28,976 shares, a drop of 79.9% from the July 30th total of 144,406 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 117,565 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of T. Rowe Price Growth ETF

Several hedge funds have recently added to or reduced their stakes in TGRT. Price T Rowe Associates Inc. MD lifted its stake in shares of T. Rowe Price Growth ETF by 12.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,260,089 shares of the company’s stock valued at $411,134,000 after acquiring an additional 1,010,365 shares during the last quarter. LPL Financial LLC increased its stake in T. Rowe Price Growth ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 1,258,564 shares of the company’s stock worth $55,691,000 after purchasing an additional 39,137 shares during the period. Flagship Wealth Advisors LLC increased its stake in T. Rowe Price Growth ETF by 12.5% in the 4th quarter. Flagship Wealth Advisors LLC now owns 112,710 shares of the company’s stock worth $4,987,000 after purchasing an additional 12,538 shares during the period. Northwest Wealth Advisors LLC lifted its position in T. Rowe Price Growth ETF by 33.5% in the first quarter. Northwest Wealth Advisors LLC now owns 109,900 shares of the company’s stock valued at $4,320,000 after purchasing an additional 27,559 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in T. Rowe Price Growth ETF by 58.9% in the first quarter. Cetera Investment Advisers now owns 90,713 shares of the company’s stock valued at $3,566,000 after purchasing an additional 33,633 shares during the last quarter.

T. Rowe Price Growth ETF Trading Down 0.1%

Shares of TGRT traded down $0.04 during mid-day trading on Wednesday, reaching $46.12. The company’s stock had a trading volume of 26,439 shares, compared to its average volume of 134,948. T. Rowe Price Growth ETF has a 52 week low of $37.60 and a 52 week high of $47.69. The stock has a market cap of $1.52 billion, a PE ratio of 36.02 and a beta of 1.20. The company’s fifty day moving average price is $45.66 and its two-hundred day moving average price is $44.01.

About T. Rowe Price Growth ETF

The T. Rowe Price Growth ETF (TGRT) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TGRT is an actively managed fund that invests in US large-cap companies believed to have strong growth potential