T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Sees Large Drop in Short Interest

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 105,671 shares, a drop of 41.5% from the July 15th total of 180,669 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 389,607 shares, the days-to-cover ratio is currently 0.3 days.

T. Rowe Price Small-Mid Cap ETF Stock Performance

T. Rowe Price Small-Mid Cap ETF stock traded down $0.71 during mid-day trading on Tuesday, hitting $43.90. 405,233 shares of the company traded hands, compared to its average volume of 394,498. T. Rowe Price Small-Mid Cap ETF has a one year low of $33.46 and a one year high of $44.77. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 18.92 and a beta of 1.09. The stock has a fifty day moving average price of $43.19 and a 200-day moving average price of $40.55.

Institutional Trading of T. Rowe Price Small-Mid Cap ETF

A number of hedge funds have recently made changes to their positions in TMSL. Arax Advisory Partners bought a new position in T. Rowe Price Small-Mid Cap ETF in the fourth quarter valued at $27,000. Bank of Montreal Can bought a new stake in T. Rowe Price Small-Mid Cap ETF during the fourth quarter worth about $29,000. Harbor Investment Advisory LLC purchased a new position in shares of T. Rowe Price Small-Mid Cap ETF in the 2nd quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of T. Rowe Price Small-Mid Cap ETF in the 4th quarter worth about $36,000. Finally, National Bank of Canada FI purchased a new position in shares of T. Rowe Price Small-Mid Cap ETF in the 3rd quarter worth about $42,000.

T. Rowe Price Small-Mid Cap ETF Company Profile

The T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on extended market equity. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics