T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) Sees Significant Drop in Short Interest

T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 63,164 shares, a drop of 44.2% from the February 26th total of 113,160 shares. Based on an average trading volume of 136,094 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCHP. Cetera Investment Advisers grew its stake in T. Rowe Price Blue Chip Growth ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 3,570,939 shares of the company’s stock worth $178,047,000 after buying an additional 189,906 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in T. Rowe Price Blue Chip Growth ETF by 28.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,959,197 shares of the company’s stock valued at $88,850,000 after buying an additional 434,992 shares during the last quarter. Glenview Trust Co boosted its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 7.6% during the fourth quarter. Glenview Trust Co now owns 1,946,936 shares of the company’s stock valued at $97,074,000 after acquiring an additional 136,690 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of T. Rowe Price Blue Chip Growth ETF by 16.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,760,001 shares of the company’s stock valued at $87,754,000 after acquiring an additional 250,000 shares during the period. Finally, Glenview Trust co grew its position in shares of T. Rowe Price Blue Chip Growth ETF by 4.7% during the second quarter. Glenview Trust co now owns 1,759,213 shares of the company’s stock worth $79,780,000 after acquiring an additional 78,719 shares during the last quarter.

T. Rowe Price Blue Chip Growth ETF Stock Down 1.5%

Shares of NYSEARCA:TCHP traded down $0.67 during trading on Friday, hitting $43.00. 28,334 shares of the company traded hands, compared to its average volume of 236,669. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 37.14 and a beta of 1.15. The business’s fifty day moving average is $47.04 and its 200-day moving average is $48.55. T. Rowe Price Blue Chip Growth ETF has a one year low of $32.67 and a one year high of $51.77.

T. Rowe Price Blue Chip Growth ETF Company Profile

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.