Short Interest in T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Drops By 33.9%

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,592 shares, a decrease of 33.9% from the July 30th total of 20,575 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 17,918 shares, the days-to-cover ratio is currently 0.8 days.

T. Rowe Price Equity Income ETF Stock Performance

Shares of TEQI stock traded up $0.36 during mid-day trading on Wednesday, reaching $52.64. 6,180 shares of the company were exchanged, compared to its average volume of 13,776. T. Rowe Price Equity Income ETF has a fifty-two week low of $42.44 and a fifty-two week high of $53.26. The company has a market capitalization of $467.97 million, a P/E ratio of 17.60 and a beta of 0.76. The business’s 50 day simple moving average is $51.80 and its 200 day simple moving average is $49.12.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TEQI. Kestra Advisory Services LLC grew its stake in T. Rowe Price Equity Income ETF by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 20,111 shares of the company’s stock worth $908,000 after purchasing an additional 223 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in T. Rowe Price Equity Income ETF by 0.7% during the 2nd quarter. M Holdings Securities Inc. now owns 50,222 shares of the company’s stock worth $2,535,000 after buying an additional 362 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of T. Rowe Price Equity Income ETF in the 4th quarter worth approximately $53,000. Triangle Securities Wealth Management grew its position in shares of T. Rowe Price Equity Income ETF by 7.0% in the 1st quarter. Triangle Securities Wealth Management now owns 18,704 shares of the company’s stock worth $842,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Associated Banc Corp increased its holdings in shares of T. Rowe Price Equity Income ETF by 4.7% in the 1st quarter. Associated Banc Corp now owns 37,809 shares of the company’s stock valued at $1,702,000 after acquiring an additional 1,695 shares during the last quarter.

T. Rowe Price Equity Income ETF Company Profile

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.