T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) Sees Significant Increase in Short Interest

T. Rowe Price Equity Income ETF (NYSEARCA:TEQI) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 7,513 shares, a growth of 88.5% from the January 29th total of 3,985 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,656 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 12,656 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in T. Rowe Price Equity Income ETF by 11.4% during the first quarter. Royal Bank of Canada now owns 17,424 shares of the company’s stock worth $730,000 after purchasing an additional 1,782 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in T. Rowe Price Equity Income ETF in the first quarter valued at $616,000. Envestnet Asset Management Inc. lifted its position in T. Rowe Price Equity Income ETF by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 23,432 shares of the company’s stock valued at $997,000 after acquiring an additional 2,449 shares during the last quarter. Ethos Financial Group LLC acquired a new position in T. Rowe Price Equity Income ETF in the second quarter valued at $245,000. Finally, Cetera Investment Advisers grew its holdings in shares of T. Rowe Price Equity Income ETF by 9.3% during the second quarter. Cetera Investment Advisers now owns 127,292 shares of the company’s stock worth $5,415,000 after purchasing an additional 10,824 shares during the last quarter.

T. Rowe Price Equity Income ETF Trading Down 0.3%

NYSEARCA TEQI traded down $0.15 on Friday, reaching $47.49. 5,686 shares of the company were exchanged, compared to its average volume of 14,059. The business’s fifty day moving average price is $46.59 and its 200 day moving average price is $44.81. The stock has a market capitalization of $384.67 million, a P/E ratio of 17.60 and a beta of 0.85. T. Rowe Price Equity Income ETF has a fifty-two week low of $36.21 and a fifty-two week high of $47.99.

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.