T. Rowe Price Growth ETF (NYSEARCA:TGRT) Short Interest Up 342.7% in July

T. Rowe Price Growth ETF (NYSEARCA:TGRT) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 144,406 shares, an increase of 342.7% from the July 15th total of 32,620 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 94,255 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of T. Rowe Price Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC grew its stake in T. Rowe Price Growth ETF by 12.5% in the fourth quarter. Flagship Wealth Advisors LLC now owns 112,710 shares of the company’s stock valued at $4,987,000 after acquiring an additional 12,538 shares during the period. Northwest Wealth Advisors LLC bought a new position in shares of T. Rowe Price Growth ETF in the 4th quarter worth $3,644,000. KWB Wealth grew its position in T. Rowe Price Growth ETF by 31.1% in the 2nd quarter. KWB Wealth now owns 68,743 shares of the company’s stock valued at $3,143,000 after purchasing an additional 16,308 shares during the period. Cetera Investment Advisers increased its stake in T. Rowe Price Growth ETF by 58.9% during the 1st quarter. Cetera Investment Advisers now owns 90,713 shares of the company’s stock valued at $3,566,000 after purchasing an additional 33,633 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in T. Rowe Price Growth ETF during the 1st quarter valued at $29,000.

T. Rowe Price Growth ETF Stock Up 0.7%

TGRT traded up $0.33 during midday trading on Wednesday, hitting $47.12. The company had a trading volume of 1,896 shares, compared to its average volume of 138,968. T. Rowe Price Growth ETF has a 52 week low of $37.60 and a 52 week high of $47.69. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 36.02 and a beta of 1.20. The stock’s 50 day moving average price is $45.41 and its 200 day moving average price is $43.79.

About T. Rowe Price Growth ETF

The T. Rowe Price Growth ETF (TGRT) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TGRT is an actively managed fund that invests in US large-cap companies believed to have strong growth potential