T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Sees Significant Decrease in Short Interest

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 1,146 shares, a drop of 27.1% from the February 12th total of 1,572 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.1% of the company’s shares are short sold.

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

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of T. Rowe Price Hedged Equity ETF by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock valued at $4,881,000 after acquiring an additional 3,469 shares in the last quarter. Jane Street Group LLC raised its stake in T. Rowe Price Hedged Equity ETF by 70.0% during the 4th quarter. Jane Street Group LLC now owns 23,217 shares of the company’s stock valued at $650,000 after purchasing an additional 9,557 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in shares of T. Rowe Price Hedged Equity ETF in the fourth quarter valued at $354,000.

T. Rowe Price Hedged Equity ETF Trading Down 0.3%

THEQ stock traded down $0.07 during mid-day trading on Friday, reaching $27.58. 3,259 shares of the stock traded hands, compared to its average volume of 3,669. T. Rowe Price Hedged Equity ETF has a 52-week low of $22.97 and a 52-week high of $28.54. The company has a market cap of $33.92 million, a P/E ratio of 24.54 and a beta of 0.73. The stock’s fifty day moving average is $28.23 and its 200-day moving average is $28.00.

About T. Rowe Price Hedged Equity ETF

THEQ is an actively managed fund-of-funds seeking long-term capital growth through investments in U.S. companies of any size and derivatives. The fund aims to combine a long equity portfolio with an options overlay strategy to provide downside protection against significant market pullbacks.