Short Interest in T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) Rises By 4,334.2%

T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 18,047 shares, an increase of 4,334.2% from the May 31st total of 407 shares. Based on an average daily volume of 6,893 shares, the short-interest ratio is presently 2.6 days. Currently, 2.0% of the shares of the company are sold short.

Institutional Investors Weigh In On T. Rowe Price International Equity Research ETF

An institutional investor recently raised its position in T. Rowe Price International Equity Research ETF stock. Essex Financial Services Inc. lifted its holdings in T. Rowe Price International Equity Research ETF (NYSEARCA:TIER) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,122 shares of the company’s stock after purchasing an additional 413 shares during the period. Essex Financial Services Inc. owned about 1.57% of T. Rowe Price International Equity Research ETF worth $402,000 as of its most recent filing with the Securities & Exchange Commission. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price International Equity Research ETF Stock Performance

TIER stock traded up $0.28 during midday trading on Thursday, hitting $32.13. 730 shares of the stock traded hands, compared to its average volume of 3,107. The firm has a market capitalization of $28.92 million, a price-to-earnings ratio of -61.79 and a beta of 1.51. The company’s fifty day moving average is $31.57. T. Rowe Price International Equity Research ETF has a 1-year low of $25.03 and a 1-year high of $34.49.