T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Short Interest Update

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 194,080 shares, a growth of 74.8% from the February 26th total of 111,007 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 45,661 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Trading of T. Rowe Price Dividend Growth ETF

A number of hedge funds have recently added to or reduced their stakes in TDVG. TD Capital Management LLC purchased a new position in T. Rowe Price Dividend Growth ETF during the 4th quarter valued at about $32,000. Archer Investment Corp lifted its position in shares of T. Rowe Price Dividend Growth ETF by 192.0% in the 4th quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock worth $46,000 after purchasing an additional 670 shares during the period. International Assets Investment Management LLC bought a new position in shares of T. Rowe Price Dividend Growth ETF during the fourth quarter valued at approximately $54,000. Ameritas Advisory Services LLC boosted its stake in shares of T. Rowe Price Dividend Growth ETF by 73.7% during the third quarter. Ameritas Advisory Services LLC now owns 1,374 shares of the company’s stock valued at $60,000 after purchasing an additional 583 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in T. Rowe Price Dividend Growth ETF during the second quarter valued at approximately $104,000.

T. Rowe Price Dividend Growth ETF Stock Performance

NYSEARCA TDVG traded down $0.63 on Friday, reaching $43.73. 66,029 shares of the stock traded hands, compared to its average volume of 67,839. T. Rowe Price Dividend Growth ETF has a 12 month low of $35.39 and a 12 month high of $47.45. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 24.89 and a beta of 0.86. The company has a fifty day moving average price of $45.94 and a 200-day moving average price of $45.01.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.