T. Rowe Price Technology ETF (NASDAQ:TTEQ) Short Interest Update

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 685,951 shares, an increase of 1,792.5% from the July 30th total of 36,246 shares. Based on an average daily volume of 112,927 shares, the days-to-cover ratio is presently 6.1 days. Currently, 7.3% of the company’s stock are sold short.

Institutional Investors Weigh In On T. Rowe Price Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TTEQ. PCG Wealth Advisors LLC boosted its stake in T. Rowe Price Technology ETF by 13.3% in the second quarter. PCG Wealth Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,057,000 after acquiring an additional 2,777 shares in the last quarter. Wealthcare Capital Partners LLC boosted its position in shares of T. Rowe Price Technology ETF by 4.1% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 10,677 shares of the company’s stock worth $476,000 after purchasing an additional 422 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of T. Rowe Price Technology ETF in the 1st quarter worth $45,000. Cetera Investment Advisers grew its stake in T. Rowe Price Technology ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock worth $882,000 after buying an additional 3,384 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in T. Rowe Price Technology ETF during the 1st quarter valued at about $702,000.

T. Rowe Price Technology ETF Stock Performance

Shares of T. Rowe Price Technology ETF stock opened at $41.17 on Thursday. The company has a market capitalization of $384.94 million, a PE ratio of 36.82 and a beta of 1.88. The company has a 50-day simple moving average of $41.68 and a two-hundred day simple moving average of $37.96. T. Rowe Price Technology ETF has a one year low of $28.69 and a one year high of $45.76.

T. Rowe Price Technology ETF Company Profile

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.