T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) Short Interest Up 436.8% in May

T. Rowe Price Hedged Equity ETF (NYSEARCA:THEQ) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,246 shares, a growth of 436.8% from the April 30th total of 1,536 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 5,615 shares, the days-to-cover ratio is currently 1.5 days.

T. Rowe Price Hedged Equity ETF Stock Up 0.1%

Shares of T. Rowe Price Hedged Equity ETF stock traded up $0.04 during trading on Friday, reaching $30.03. The company’s stock had a trading volume of 871 shares, compared to its average volume of 4,626. The company has a market cap of $33.03 million, a price-to-earnings ratio of 24.54 and a beta of 0.66. T. Rowe Price Hedged Equity ETF has a 1-year low of $25.41 and a 1-year high of $30.08. The company has a 50-day simple moving average of $28.63 and a two-hundred day simple moving average of $28.31.

Institutional Trading of T. Rowe Price Hedged Equity ETF

Institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in T. Rowe Price Hedged Equity ETF by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 174,432 shares of the company’s stock worth $4,881,000 after acquiring an additional 3,469 shares during the period. SageGuard Financial Group LLC acquired a new stake in T. Rowe Price Hedged Equity ETF during the 1st quarter worth about $699,000. Jane Street Group LLC lifted its position 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 worth $650,000 after acquiring an additional 9,557 shares during the period. Finally, DAVENPORT & Co LLC acquired a new stake in T. Rowe Price Hedged Equity ETF during the 4th quarter worth about $354,000.

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.