Short Interest in T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) Decreases By 52.1%

T. Rowe Price Small-Mid Cap ETF (NYSEARCA:TMSL) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 50,664 shares, a drop of 52.1% from the July 30th total of 105,671 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 460,107 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On T. Rowe Price Small-Mid Cap ETF

Large investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in T. Rowe Price Small-Mid Cap ETF by 85.3% in the 4th quarter. LPL Financial LLC now owns 4,307,521 shares of the company’s stock worth $154,640,000 after purchasing an additional 1,983,521 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of T. Rowe Price Small-Mid Cap ETF by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,861,191 shares of the company’s stock valued at $210,786,000 after purchasing an additional 723,445 shares during the period. Cetera Investment Advisers raised its stake in shares of T. Rowe Price Small-Mid Cap ETF by 129.3% in the 4th quarter. Cetera Investment Advisers now owns 895,710 shares of the company’s stock valued at $32,156,000 after purchasing an additional 505,143 shares during the period. Bank of America Corp DE lifted its holdings in shares of T. Rowe Price Small-Mid Cap ETF by 234.7% in the first quarter. Bank of America Corp DE now owns 553,628 shares of the company’s stock valued at $20,302,000 after purchasing an additional 388,232 shares in the last quarter. Finally, Kickstand Ventures LLC. bought a new stake in shares of T. Rowe Price Small-Mid Cap ETF in the second quarter valued at about $14,477,000.

T. Rowe Price Small-Mid Cap ETF Stock Performance

NYSEARCA:TMSL traded down $0.67 on Friday, reaching $42.84. The company’s stock had a trading volume of 285,082 shares, compared to its average volume of 395,693. T. Rowe Price Small-Mid Cap ETF has a 1-year low of $33.48 and a 1-year high of $44.77. The business’s 50-day moving average price is $43.35 and its two-hundred day moving average price is $40.83. The firm has a market cap of $2.76 billion, a PE ratio of 18.92 and a beta of 1.09.

About T. Rowe Price Small-Mid Cap ETF

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