T. Rowe Price Technology ETF (NASDAQ:TTEQ) Sees Large Increase in Short Interest

T. Rowe Price Technology ETF (NASDAQ:TTEQ) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 204,134 shares, an increase of 632.4% from the December 31st total of 27,871 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average trading volume of 49,943 shares, the short-interest ratio is currently 4.1 days. Based on an average trading volume of 49,943 shares, the short-interest ratio is currently 4.1 days. Approximately 5.4% of the shares of the stock are short sold.

T. Rowe Price Technology ETF Trading Down 2.6%

Shares of NASDAQ TTEQ traded down $0.90 during midday trading on Thursday, hitting $33.18. 20,158 shares of the company’s stock were exchanged, compared to its average volume of 50,217. The business’s fifty day moving average price is $32.81 and its two-hundred day moving average price is $32.04. The company has a market cap of $126.08 million, a price-to-earnings ratio of 36.82 and a beta of 1.84. T. Rowe Price Technology ETF has a 12-month low of $19.83 and a 12-month high of $35.02.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new position in T. Rowe Price Technology ETF during the second quarter valued at $926,000. 4J Wealth Management LLC lifted its stake in shares of T. Rowe Price Technology ETF by 45.4% during the 3rd quarter. 4J Wealth Management LLC now owns 142,251 shares of the company’s stock worth $4,594,000 after acquiring an additional 44,445 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in T. Rowe Price Technology ETF during the 2nd quarter valued at about $546,000. Ameriflex Group Inc. bought a new position in shares of T. Rowe Price Technology ETF during the second quarter valued at approximately $64,000. Finally, United Advisor Group LLC bought a new position in T. Rowe Price Technology ETF in the second quarter worth approximately $632,000.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.